West Texas
Intermediate crude fell for the fourth time in five days as
Prices
dropped as much as 0.5 percent. Output will rise following the reopening of two
oil fields, according to
Crude rose
earlier as
WTI for
October delivery, which expires tomorrow, slid 28 cents, or 0.3 percent, to
$107.79 a barrel at 9:55 a.m. on the New York Mercantile Exchange. It surged 2.5
percent yesterday, the biggest increase since Aug. 27. The volume of all
futures traded was 2.4 percent above the 100-day average. The more active
November contract was down 39 cents at $106.89.
Brent for
November settlement slid 81 cents, or 0.7 percent, to $109.79 a barrel on the
London-based ICE Futures Europe exchange. Volume was 20 percent above 100-day
average. The European benchmark crude was at a premium of $2.89 to WTI for the
same month, down from yesterday’s $3.32.