WTI Crude Falls Most in Two Months on U.S. Supply
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West Texas Intermediate crude dropped the most in two months and Brent oil decreased after a government report showed that U.S. inventories advanced for a seventh week.
Futures fell 1.8 percent in New York after the Energy Information Administration said supplies rose by 1.43 million barrels to 363.8 million last week. Refineries operated at 87.4 percent of capacity, down 0.6 percentage point from the prior week. Refiners are performing maintenance as they transition to summer from winter fuels. Oil also slipped on speculation that Ukraine’s crisis won’t disrupt shipments.