WTI falls from highest closing price this month

West Texas Intermediate crude declined on Tuesday falling from the highest level recorded this month on speculation that inventories in the world's largest consumer, U.S., advanced to the strongest level since June. December WTI futures slipped 34 cents to $94.80 a barrel on the NYMEX while the prices were at $98.84 as of 12:56 p.m. in Sydney.