WTI drops as China's demand eases

West Texas Intermediate oil declined on Monday trading session falling for the second day on speculation that fuel demand in the world's second-largest crude consumer may ease after a report showed a slow-down China's economy. WTI for settlement slipped 71 cents to $96.78 per barrel on the NYMEX and was last seen at $96.98 by 9:13 a.m. in London.