West Texas Intermediate oil fell for a second day as investors weighed the prospect that the U.S. will taper economic stimulus. Crude stockpiles declined after eight weeks of increases, according to a Bloomberg News survey. Futures lost as much as 0.3 percent in New York before a speech by Fed Chairman Ben S. Bernanke in Washington , as investors speculated if he will support the case for maintaining bond purchases. Prices dropped to a five-month low yesterday after comments from the Federal Reserve Bank of New York President William C. Dudley that raised the prospect the central bank will reduce stimulus. “Tapering won’t happen — they can’t back down, they have to keep going,” said Jonathan Barratt , the chief executive officer of Barratt’s Bulletin in Sydney. “The stockpile builds have been happening and eventually you will see some demand pick-up, but it has to be sustained.” WTI for […]