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Intermediate crude fluctuated as equities gained on speculation of central-bank
stimulus measures after economic reports from the
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
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.
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