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, 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
CLQ20,
fell 43 cents, or 1.1%, to settle at $39.27 a barrel on the New York Mercantile Exchange.