WTI falls as inventories reach record high

Source: Bloomberg
West Texas Intermediate crude slipped on Thursday falling towards the weakest level in a five-week period after an industry report showed that stockpiles in the world's largest oil consumer, U.S., advanced to the highest level all-time. WTI for settlement in June fell $0.94 to a level of $98.80 per barrel on the NYMEX, the least since March 25.

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