Oil futures gave up earlier gains Tuesday, sending U.S. benchmark crude to the lowest finish in a week. Colin Cieszynski, chief market strategist at SIA Wealth Management Inc., cited a "general lack of enthusiasm toward risk markets," for oil's retreat, with the U.S. stock market taking an even bigger hit Tuesday than oil. "Swirling geopolitical tensions around Iran may come and go in terms of importance in the coming days," he said, noting that comments from U.S. President Donald Trump appear to be mixed Tuesday in relation to Iran. June West Texas Intermediate crude fell 94 cents, or 1.4%, to settle at $67.70 a barrel on the New York Mercantile Exchange after trading as high as $69.38. A weekly update on U.S. crude supplies and output is due out Wednesday from the Energy Information Administration.
Read the full story: Oil prices finish lower after tapping highest levels in more than 3 years