Brent Falls a Second Day to Reduce Premium to WTI
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Brent crude fell for a second day, reducing its premium over West Texas Intermediate futures as the euro slid against the dollar.
The European benchmark pared its second monthly gain as the euro declined after climbing to a November high in intraday trading. A weaker euro and stronger dollar reduce crude’s investment appeal. The Brent-WTI spread narrowed for a second day. WTI capped a third monthly decline, the longest losing streak in almost five years.