U.S. oil futures settle at lowest since March

Oil futures fell on Wednesday, with U.S. prices ending at their lowest in more than 10 weeks. The potential fallout from the U.S. debt-ceiling debacle and rising odds of a June interest-rate hike both “weighed on oil as the former influence would be a broader riskoff market event, while the latter would further reduce already waning optimism for a soft economic landing this year,” analysts at Sevens Report Research wrote in Wednesday’s newsletter. July West Texas Intermediate crude CLN23 fell $1.37, or 2%, to settle at $68.09 a barrel on the New York Mercantile Exchange. The settlement was the lowest front-month finish…