FX & CFD trading involves significant risk
Intermediate crude fell as the International Monetary Fund cut economic growth
dropped as much as 1.9 percent after the IMF said
WTI crude for July delivery declined $1.28, or 1.3 percent, to $93.73 a barrel at 11:27 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 10 percent above the 100-day average for this time of day.
Brent oil for July settlement fell $1.16, or 1.1 percent, to $103.07 a barrel on the London-based ICE Futures Europe exchange. Volume for all contracts was 18 percent lower than the 100-day average.
The European benchmark grade traded at a $9.34 premium to WTI futures. The spread ended yesterday at $9.22, the widest based on closing prices since May 15.
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