WTI crude falls to three-month low as U.S. inventories increase

NEW YORK (Bloomberg) -- West Texas Intermediate crude fell to a three-month low as supplies rose more than expected in the U.S., the biggest oil-consuming country. Prices dropped as much as 2.2%. Crude inventories climbed 5.25 million barrels last week, the Energy Information Administration said. Analysts surveyed by Bloomberg estimated a gain of 3 million. Stockpiles at Cushing, Oklahoma, increased for a second week and domestic production jumped to the most in 24 years.