WTI fallsdrops for third day on increased U.S. stockpiles

Source: Bloomberg
© Scanpix/Reuters
WTI dropped for the third day as U.S. government data indicated the increase in distillate and crude stockpiles. West Texas Intermediate for April delivery contracted 59 cents to $100.86 a barrel on the NYMEX and was at $101.12 as of 12:50 p.m. Singapore time. The contract dropped $1.88 to $101.45 on Wednesday trading session, the lowest price since Feb. 14. The volume of all futures traded was about 19% below the 100-day average.
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