WTI Futures Drop Below $103 a Barrel in Nymex Trading

West Texas Intermediate declined in early trading on the New York Mercantile Exchange.

WTI for November delivery fell 54 cents, or 0.5 percent, to $102.95 a barrel at 9:08 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 49 percent below the 100-day average for the time of day.

Brent for November settlement was 50 cents lower at $109.66 a barrel on the London-based ICE Futures Europe exchange. The European benchmark was at a premium of $6.71 to WTI versus $6.67 yesterday.

To contact the reporter on this story: Moming Zhou in New York at mzhou29@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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