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Futures Movers: Oil futures end below $43, at lowest level since April

Oil futures stuck close to three-month lows on Tuesday, with West Texas Intermediate crude settling under $43 a barrel as traders continued to fret over the prospect of more U.S. oil-drilling activities and an expected slowdown in domestic refining activities.

September West Texas Intermediate crude CLU6, -0.51% fell by 21 cents, or 0.5%, to settle at $42.92 a barrel on the New York Mercantile Exchange. That was the lowest settlement for a most-active contract since April 25, according to FactSet data.

September Brent crude LCOU6, +0.29% however, tacked on 15 cents, or 0.3%, to settle at $44.87 a barrel on the ICE Futures exchange in London, rebounding from an intraday low of $44.14.

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