WTI Crude Rises for Second Day as U.S. Stockpiles Decline
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West Texas Intermediate crude rose for a second day in New York, trading near its highest level in a week after U.S. stockpiles dropped the most this year.
Futures climbed as much as 0.8 percent after gaining 0.5 percent yesterday. U.S. crude supplies slid by 6.3 million barrels last week, the most since December, data from the Energy Information Administration showed yesterday. They were projected to decline by 800,000 barrels, according to a Bloomberg News survey. Monthly U.S. jobs data will be released tomorrow. The European Central Bank and Bank of England kept their benchmark interest rates unchanged.