Oil Market Update

Crude-oil futures fell Tuesday, giving up part of the prior day’s 4% gain and barely holding above the five-year lows hit Friday.

On the New York Mercantile Exchange, crude futures for delivery in January CLF5, +1.02%  declined $2.12, or 3.1%, to settle at $66.88 a barrel. Oil futures have been down for five out of the past six sessions.

January Brent crude LCOF5, +0.74%  shed $2, or 2.8%, to $70.54 a barrel. Brent is down for six out of the last seven sessions.

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