WTI crude falls for a fith consecutive day, Bloomberg reports


West Texas Intermediate crude fell for a fifth day in its longest run of declines since December, reports Bloomberg. WTI for June delivery fell as much as 77 cents, or 0.8%, to $93.44 a barrel and was at $93.63 in electronic trading on the New York Mercantile Exchange at 11:15 a.m. London time. The volume of all contracts traded was 25% above the 100-day average. Prices decreased 96 cents to $94.21 yesterday, the biggest decline since May 1 and the lowest close since May 2.


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