WTI falls despite lower U.S. inventories
New York (UPI) Dec 4, 2014 - Static U.S. oil production and lower inventories weren't enough to stave off a Thursday drop in West Texas Intermediate crude oil prices. WTI, the U.S. benchmark price, shed close to $1 per barrel for the January contract in early Thursday trading to fetch $66.40. That's down more than 30 percent from the June value and below the point where oil production from U.S. shale deposits is co ... more
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