Oil Market Update

Crude-oil futures on Thursday abandoned an attempt to build on a prior-session rebound, driven by support from a recent drop in U.S. oil stockpiles.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF5, -0.43%  declined 57 cents, or 0.9%, to settle at $66.81 a barrel. Futures have been down six of the past eight sessions.

January Brent crude LCOF5, -0.56%  on London’s ICE Futures exchange fell 28 cents, or 0.4%, to finish at $69.64 a barrel.

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