UPDATE: Oil futures end down for the session, but post a more than 90% gain for the quarter
Oil futures settled with a loss on Tuesday (http://www.marketwatch.com/story/oil-prices-retreat-as-coronavirus-cases-and-oversupply-worries-haunt-industry-2020-06-30), down nearly 36% in the first half of the year, according to FactSet data, as the spread of COVID-19 continued to feed expectations for weaker energy demand. U.S. benchmark prices, however, ended the second quarter up by almost 92%, rebounding from a record dip to a negative settlement in April as a group of major oil producers moved to reduce oil production and amid signs of some recovery in demand for oil. August West Texas Intermediate oil fell 43 cents, or 1.1%, to settle at $39.27 a barrel on the New York Mercantile Exchange.
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
June 30, 2020 15:44 ET (19:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.