WTI Falls a Fourth Day for Biggest Weekly Drop in a Month

West Texas Intermediate crude fell for a fourth day, extending the biggest weekly drop in more than a month, amid signs of rising U.S. fuel supplies and a global economic slowdown.

WTI futures slid as much as 0.5 percent in New York. Manufacturing in China unexpectedly shrank in May, an index showed yesterday. U.S. gasoline stockpiles rose by 3 million barrels last week, according to government data released May 22. They were predicted to fall by 300,000 barrels in a Bloomberg survey. Brent crude may fall below $95 a barrel should the world’s economy weaken further, Bank of America Corp. said in a report.