Oil futures fall for the day, but gain over 30% year to date

Oil futures finished lower on Thursday after a two-session rally, but prices posted gains for the quarter and year to date as recent global output disruptions and strong U.S. demand for gasoline helped to cut down the glut of crude supplies. August WTI crude fell $1.55, or 3.1%, for the session to settle at $48.33 a barrel on the New York Mercantile Exchange. It gained about 26.1% for the second quarter, and trades roughly 30.5% higher year to date, according to data from FactSet.

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