U.S. oil futures fell to the lowest level since April on Tuesday, as ongoing worries over ample supplies and high domestic oil production drove prices down.
On the New York Mercantile Exchange, crude oil for September delivery hit a session low of $50.13 a barrel, a level not seen since April 4, before trading at $50.39 during European morning hours, down 5 cents, or 0.09%. A day earlier, Nymex oil futures lost 77 cents, or 1.5%, to end at $50.44.