Crude Falls First Time in Five Days on Emerging Economies
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West Texas Intermediate crude fell for the first time in five days as equities declined on concern that growth in emerging economies will slow, reducing fuel use.
Futures decreased 0.7 percent. U.S. stocks dropped a fourth day as the MSCI Emerging Markets Index slid 1.4 percent, extending its loss for the year to 5.2 percent. Currencies from developing countries have tumbled, according to Bloomberg data, as signs of weakness in China’s economy added to speculation that stimulus curbs by the U.S. Federal Reserve will cut demand.