West Texas Intermediate fell for a second day after industry data showed U.S. inventories rose for a fourth week, the longest run of gains since February. China’s oil stockpiles climbed for a second month.
Russia’s federal budget deficit will probably widen next year more than previously planned as a weaker economy risks erasing 650 billion rubles ($20.8 billion) in revenue, Finance Minister Anton Siluanov said.
Cocoa fell in London and New York on speculation prices that rallied yesterday climbed too far as rainfall may favor crop development in West Africa, the main growing region. Raw sugar rose in New York.