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- Oil fluctuated
Oil fluctuated
West Texas
Intermediate crude fluctuated as fewer Americans than forecast filed
applications for unemployment benefits and the World Bank cut its global growth
forecast.
Futures
moved in an 92-cent range as
WTI for
July delivery dropped 9 cents to $95.79 a barrel at 10:28 a.m. on the New York
Mercantile Exchange. The volume of all futures traded was 9.4 percent below the
100-day average.
Brent for
July settlement, which expires today, climbed 31 cents, or 0.3 percent, to
$103.80 a barrel on the London-based ICE Futures Europe exchange. The more
actively traded August futures increased 34 cents, or 0.3 percent, to $103.90. Volume
was 24 percent below the 100-day average for the time of day.
Brent’s
premium to WTI strengthened to as wide as $8.15 a barrel from yesterday’s
settlement of $7.61.
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