WTI gains for 2nd day as inventories in U.S. advance to 10-year high

West Texas Intermediate crude increased on Thursday rising for the second successive day on speculation that crisis in Ukraine may continue for longer than expected and as U.S. inventories advanced to the highest level in more than ten years. WTI for settlement in May gained $0.42 to $104.18 per barrel on the NYMEX and was last seen at $103.93 as of 1 p.m. in Singapore.