West Texas Intermediate crude fluctuated as equities gained on speculation of central-bank stimulus measures after economic reports from the U.S. and Europe missed forecasts.

Prices trimmed a drop of as much as 2.2 percent as the Standard & Poor’s 500 Index climbed to a new record. Futures fell earlier after U.S. industrial production dropped by the most in eight months in April. Manufacturing in the New York region unexpectedly shrank in May and the euro-area economy contracted more than forecast in the first quarter. Fuel demand slid 3.1 percent last week in a government report today.

WTI for June delivery fell 17 cents to $94.04 a barrel at 1:05 p.m. on the New York Mercantile Exchange. The volume of all contracts traded was 45 percent above the 100-day average for the time of day. Prices have lost 2.7 percent since May 8.

Brent for June settlement rose 34 cents, or 0.3 percent, to $102.94 a barrel on the London-based ICE Futures Europe exchange. The volume of contracts traded was 27 percent higher than the 100-day average.