Crude Declined as Strong Treasury Auction Dragged Down Equities

Crude oil fell for a second day amid disappointing inventory report and weak economic data. Success in Treasury auction dragged equities down, which hence pressured energy prices. Currently trading at 85.2, the front-month contract slipped to as low as 84.88 earlier, representing a -2.53% decline from the 18-month high made 2 days ago.

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Crude Declined as Strong Treasury Auction Dragged Down Equities