WTI slips to 5-week low on high stockpiles in U.S.

Source: Bloomberg
© Scanpix/AP
West Texas Intermediate crude dropped on Tuesday falling from the weakest level in a five-week period on speculation that inventories in the U.S., the world's largest oil consumer, increased last week and as manufacturing activity eased last month. WTI for settlement in May as much as $0.54 to $103.60 per barrel as of 9:55 a.m. on the NYMEX.

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