WTI oil declines a second day after China shows signs of economic slowdown

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Source: Bloomberg
West Texas Intermediate oil dropped a second day as a government agency indicated economic slowdown in China, the world's second-biggest crude consumer. WTI for June settlement plummeted 57 cents to $92.43 a barrel and the volume of traded futures was 25% lower than the 100-day average. Meanwhile, Brent for June delivery slid 51 cents to $102.65 a barrel and the front-month European benchmark grade stood at a premium of $10.04 to WTI contracts. 
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