Crude Oil
Oil fell in New York on speculation rising, U.S. crude stockpiles indicate fuel demand is faltering in the world’s biggest consumer of the commodity. Futures dropped as much as 0.5 percent after the industry- funded American Petroleum Institute said inventories climbed 3.96 million barrels to 358.2 million last week, the biggest increase in three months. Crude for September delivery dropped as much as 54 cents to $99.05 a barrel in electronic trading on the New York Mercantile Exchange. Futures have gained 28 percent in the past year.