WTI Crude Declines on Signs Fed to Curb Stimulus
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West Texas Intermediate crude dropped, capping the biggest four-day slide in nine months, as Federal Reserve officials indicated that they may pare bond purchases that have bolstered the economy and energy demand.
Futures declined 0.9 percent after Fed Bank of Chicago President Charles Evans said yesterday he “would clearly not” rule out a decision to begin curbing buying in September. An Energy Information Administration report showed that U.S. crude supplies fell for the fifth time in six weeks.