Oil futures log a second loss in a row

Oil futures declined on Tuesday, stretching their losses into a second straight session. Prices weakened with recession fears “running high,” said Phil Flynn, senior market analyst at The Price Futures Group. Worries about energy demand from China on the back of rising COVID-19 infections also contributed to price pressures, he said. U.S. benchmark West Texas Intermediate crude for November delivery CLX22, -3.00% fell $1.78, or nearly 2%, to settle at $89.35 a barrel on the New York Mercantile Exchange.