Oil futures settle at lowest since early July, pressured by demand worries and a rise in U.S. supplies

Oil futures declined on Thursday, with worries about energy demand and a sharp rise in U.S. crude inventories over the past two weeks leading prices to their lowest settlement in more than four months.

Price action

Market drivers

“Although the recent builds in U.S. [crude] inventories aren’t helping matters, the decline in crude-oil prices appears to be driven by concerns about falling demand,” Colin Cieszynski, chief market strategist at SIA Wealth Management, told MarketWatch.

WTI…