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WTI Crude Falls Below $100 a Barrel, Down 1.23% Thursday
Spot gold also rose in a short-term move while crude oil declined during the day.
West Texas Intermediate (WTI) crude fell below $100 a barrel Thursday, down 1.23% intraday, while spot gold rose in a short-term move. The two commodities moved in opposite directions.
In an earlier move, WTI climbed 2% to $99.37 a barrel as it neared the same threshold. The earlier WTI move provides context for Thursday's decline.