West Texas Intermediate crude fluctuated near a four-month low after U.S. inventories surged and equities advanced on corporate earnings and manufacturing data from the U.S. and China.
WTI for December delivery dropped 1 cent to $96.85 a barrel at 12:30 p.m. on the New York Mercantile Exchange. The contract touched $95.95, the lowest intraday level since June 27. The volume of all futures traded was 8.5 percent below the 100-day average.
Brent oil for December settlement fell 57 cents, or 0.5 percent, to $107.23 a barrel on the London-based ICE Futures Europe exchange. Futures touched $107, the lowest level since Oct. 1. Volume was 8.2 percent higher than the 100-day average.
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