West Texas Intermediate declined as a government report showed U.S. crude inventories rose more than expected last week.
Prices dropped as much as 1.1 percent. Stockpiles climbed 6.42 million barrels in the week ended Jan. 24, the Energy Information Administration reported. Analysts surveyed by Bloomberg had expected a gain of 2.25 million. WTI also fell as equities declined and on speculation that the Federal Reserve will announce a cut in economic stimulus today.
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