West Texas Intermediate crude fell to a 12-week low as inventories unexpectedly rose last week and demand slipped.
Prices slid for a fifth day after the Energy Information Administration reported stockpiles increased 2.64 million barrels. Analysts had forecast a 1 million-barrel decrease. Gasoline consumption declined 2 percent to 8.85 million barrels a day. WTI also followed losses in equities on concern that lawmakers won’t reach a deal to avoid a government shutdown.
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