WTI falls amid U.S. production report and waning gasoline demand

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Source: Bloomberg
West Texas Intermediate oil decreased for the fourth time in last five days on Wednesday after the U.S. government reported that production increased to the strongest level since 1992 and as demand for gasoline weakened. May WTI futures dropped by $1.42 to $87.30 a barrel earlier on the NYMEX after the contracts closed at the lowest since December 24 on April 15 at $88.71.

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Wed, 17 Apr 2013 16:59:04 GMT

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