West Texas Intermediate crude fluctuated after dropping the most - TopicsExpress

West Texas Intermediate crude fluctuated after dropping the most in more than a week as weaker-than-forecast U.S. economic data raised concern that growth will stall in the world’s biggest consumer of oil. Futures were little changed in New York after slipping yesterday from the highest price in 16 months as U.S. home sales fell. U.S. crude supplies probably fell by 2.5 million barrels to a six-month low last week. WTI’s 14-day relative strength index fell below 70 for the first time in 12 days, while Goldman Sachs Group Inc. forecast its discount to Brent will widen next year amid a glut of oil on the Gulf Coast. Source: Bloomberg

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