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WTI Oil Declines for Second Day as Discount to Brent Widens

May 9 (Bloomberg) -- West Texas Intermediate crude declined for a second day, dropping below $100 and widening the discount to Brent.

WTI for June delivery slipped 42 cents to $99.84 a barrel at 2:24 p.m. on the New York Mercantile Exchange. The price ranged from $99.71 to $101.18.

Brent for June settlement fell 13 cents to $107.91 a barrel on the London-based ICE Futures Europe exchange. The range was $107.64 to $109.02. The European grade traded at a $8.07 premium to WTI, compared with $7.78 yesterday.

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