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WTI Crude at Lowest Level Since June as Supplies Rise

West Texas Intermediate crude fell to the lowest level in almost six months on rising U.S. stockpiles and production. The spread between WTI and Brent widened to an eight-month high.

Futures dropped 1.5 percent. Supplies rose 2.95 million barrels to 391.4 million last week, the 10th gain in a row, according to the Energy Information Administration. U.S. crude production increased 45,000 barrels a day to 8.02 million, the most in almost 25 years. Brent’s premium to WTI exceeded $19.