West Texas Intermediate crude dropped to the lowest level in 10 days as falling demand boosted fuel inventories and on concern that the Federal Reserve will curb stimulus. Futures fell 1.1 percent this week. Prices slid 0.9 percent. Stockpiles of gasoline and distillate fuels jumped the most in 11 months in the seven days ended Dec. 6, the Energy Information Administration reported Dec. 11. More economists than a month before forecast that the Fed will start slowing its bond purchases at a meeting next week, according to a December Bloomberg survey. “Demand is weak and if we don’t see it become stronger, the market will come under pressure,” said Gene McGillian , an analyst and broker at Tradition Energy in Stamford , Connecticut . “Products are being put into storage, basically driving the market lower. The market is concerned about Fed tapering.” WTI for January delivery declined 90 cents, […]