WTI crude drops from 4-month high as U.S. retail sales decline

Source: Bloombeg
© Scanpix/Reuters

West Texas Intermediate oil dropped from the strongest level since October when reports showed U.S retail sales fell in January and unemployment climbed last week, bolstering worries of fuel demand drop. WTI for March delivery dropped 19 cents to $100.18 a barrel in New York board of trade. The contract strengthened to $100.37, the strongest since October 18.  

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