New York—Oil futures weakened Tuesday as possible sales from the US Strategic Petroleum Reserve under a budget deal added to concerns over an already oversupplied market. NYMEX December crude settled down 78 cents at $43.20/b, the lowest level for the frontmonth contract since August 11. ICE December Brent settled 73 cents lower at $46.81/b. Refined product futures were almost unchanged. NYMEX November settled down 15 points at $1.4244/gal, while NYMEX November RBOB settled 7 points lower at $1.2872/gal.
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