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WTI crude slips as stockpiles rise.

West Texas Intermediate fell from the highest closing price this month amid speculation crude inventories rose to the most since June in the US, the world's biggest oil consumer.

WTI for December delivery dropped as much as 83 cents to $94.31 a barrel on the New York Mercantile Exchange. The contract was at $94.90 as of 11:01 am London time. It advanced 0.6 per cent to $95.14 yesterday, the highest close since October 31. Brent for December settlement rose as much as 59 cents to $106.99 a barrel on the London-based ICE Futures Europe exchange.

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Publication:Khaleej Times (Dubai, United Arab Emirates)
Date:Nov 12, 2013
Words:116
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