Oil ends below $76 for first time in over a year: MarketWatch | Futures Movers. 3.32p.m. EDT

By Myra P. Saefong and Michael Kitchen , MarketWatch SAN FRANCISCO (MarketWatch) — Crude-oil futures fell Tuesday, finishing below $76 a barrel for the first time in more than year as uncertainty over Europe’s sovereign-debt crisis and a weak outlook for U.S. economic growth hurt prospects for future oil demand. Crude oil for November delivery CL1X -0.93% fell $1.94, or 2.5%, to settle at $75.67 a barrel on the New York Mercantile Exchange. Front-month futures prices haven’t closed at level this low since Sept. 23, 2010, according to data from FactSet Research. “Oil is the blood that sustains the heart of economic growth,” said Keith Springer, president of Springer Financial Advisors. “Slower economic growth means less aggregate demand leading to less production of goods and therefore a reduced use of oil.”