WTI falls amid gain in U.S. stockpiles and drop in China's manufacturing

Source: Bloomberg
© Scanpix/RS
West Texas Intermediate oil declined for the third straight day on Thursday extending its losing streak to the longest in three weeks amid higher U.S. gasoline stockpiles and as Chinese manufacturing dropped in May. WTI for July settlement slipped 76 cents to $93.52 a barrel on the NYMEX and was traded at $93.60 as of 1:36 p.m. in Singapore.

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