India, May 23 -- Oil futures settled lower on Thursday, extending losses to a fourth straight session, amid concerns about the outlook for demand, and on data showing an unexpected jump in crude inventories in the U.S. last week.
Concerns about the outlook for interest rates hurt as well. The minutes of the April 30-May 1 meeting, released Wednesday afternoon, said participants highlighted disappointing readings on inflation over the first quarter and indicators pointing to strong economic momentum.
The participants subsequently assessed that it would take longer than previously anticipated for them to gain "greater confidence" inflation is moving sustainably toward 2%.
West Texas Intermediate Crude oil futures for July ended down by $0....