West Texas Intermediate crude fell the most since March 12 on speculation that U.S. inventories gained for an 11th week and as a gauge of manufacturing rose less than expected. Brent slipped. WTI dropped for a second day. Stockpiles probably climbed 2.5 million barrels last week, according to a Bloomberg survey before a government report tomorrow. The Institute for Supply Management ’s U.S. manufacturing index was 53.7 in March, lower than the 54 forecast in a Bloomberg survey. A separate report showed Chinese manufacturing weakened. “All the news is bearish today,” said Michael Lynch , president of Strategic Energy & Economic Research in Winchester, Massachusetts . “The manufacturing data is not supportive and we are expecting another build in inventories.” WTI for May delivery declined $1.84, or 1.8 percent, to settle at $99.74 a barrel on the New York Mercantile Exchange . The volume of all futures traded was […]