WTI Crude Snaps Three-Day Gain Amid Signs Stockpiles Rose
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West Texas Intermediate declined for the first time in four days after an industry report showed fuel inventories rose in the U.S., the world’s biggest oil consumer. Brent crude fell from the highest close since April.
Futures slid as much as 0.9 percent after advancing 3.3 percent in the previous three days. Gasoline stockpiles climbed by 1.7 million barrels, while distillate supplies gained 1.1 million, data from the American Petroleum Institute showed yesterday, according to two people familiar with the matter. The Energy Department is scheduled to release its report today.