U.S. oil futures mark first loss in 4 sessions on bets for a quick post-hurricane recovery

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U.S. oil futures settled lower on Thursday, following three consecutive sessions of gains, with traders expecting Gulf of Mexico production to soon recover in the aftermath of Hurricane Laura. The Bureau of Safety and Environmental Enforcement estimated Thursday that 84.3% of current oil production in the Gulf of Mexico had been shut in, unchanged from a day earlier, but 60.1% of natural-gas production was shut, down from nearly 60.9% a day earlier. October West Texas Intermediate oil fell 35 cents, or 0.8%, to settle at $43.04 a barrel on the New York Mercantile Exchange.
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