Oil settles lower for a second session in a row, a day after Wednesday’s steep plunge
Crude-oil prices edged lower Thursday, settling in negative territory for a second straight session. West Texas Intermediate crude oil for September delivery CLU8, -0.04%closed off 13 cents, or about 0.2%, at $66.81 a barrel. Worries that demand has been weakening is a key theme that has recently weighed on crude prices. U.S. oil prices registered their steepest one-day drop in more than three weeks on Wednesday as the bullish narrative that had buoyed crude futures for the past two sessions-supply disruptions and strong demand-fizzled out. Investors are now fretting that demand from the second-largest economy and biggest oil importer, China, may be hurt as the country faces economic slowdown and as trade clashes between President Donald Trump and Beijing show apparent signs of intensifying.