Thu, 25 Jul 2013 11:39:04 GMT
WTI oil falls for second day as U.S. crude output jumps
West Texas Intermediate declined for the second day, prolonging the largest loss in over a month after U.S. crude production advanced to the highest level in 22 years. The September WTI contract decreased to $104.72 per barrel. Brent for September delivery retreated 0.6% to $106.60 per barrel. U.S. output jumped to 7.56 million barrels a day previous week.