Oil futures settled lower on Thursday, shrugging off earlier gains even as a tropical storm in the Gulf of Mexico cut oil output in the region by more than half. The move follows a report Thursday, in which the Organization of the Petroleum Exporting Countries forecast lower demand for its crude oil next year as rivals, including the U.S., lift production. “There is a lot of uncertainty in the oil space as of recent,” Scott Gecas, chief market strategist at Walsh Trading, told MarketWatch. “For the bull camp, we have the storm that is coming through the Gulf as well as tensions heating up in the Mideast. Any ... (full story)