WTI Crude Falls to 10-Day Low on Fuel Storage
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West Texas Intermediate crude dropped to the lowest level in 10 days as falling demand boosted fuel inventories and on concern that the Federal Reserve will curb stimulus. Futures fell 1.1 percent this week.
Prices slid 0.9 percent. Stockpiles of gasoline and distillate fuels jumped the most in 11 months in the seven days ended Dec. 6, the Energy Information Administration reported Dec. 11. More economists than a month before forecast that the Fed will start slowing its bond purchases at a meeting next week, according to a December Bloomberg survey.