WTI Crude Fluctuates Amid Signs U.S. Fuel Stockpiles Fell
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West Texas Intermediate swung between gains and losses before government data forecast to show U.S. crude inventories fell to a six-month low. London-traded Brent slid for a fourth day.
Futures fluctuated after declining for three days in New York. Stockpiles declined by 1.5 million barrels to 363.1 million last week, a Bloomberg News survey showed before the report from the Energy Information Administration. That would be the fifth drop in six weeks. Prices advanced earlier today after a report showed German industrial production rose in June, adding to signs that growth in Europe’s largest economy accelerated in the second quarter.