WTI drops as U.S. jobless report raises stimulus concern

Source: Bloomberg
© Scanpix/Reuters
West Texas Intermediate declined for the fifth consecutive day as better-than-expected U.S. unemployment insurance claims data boosted concern the Federal Reserve will taper monetary stimulus. WTI for September settlement lost 0.8%, or 80 cents, to $103.57 per barrel as of 9:50 a.m. on the New York Mercantile Exchange.

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