West Texas Intermediate fell for a second day after inventories of gasoline and distillate fuels increased in the U.S., the world’s biggest oil consumer. Brent slipped before a meeting of the European Central Bank . Futures dropped as much as 0.4 percent in New York . Gasoline stockpiles increased by 210,000 barrels to 211.8 million in the seven days ended May 30, while distillate inventories, including heating oil and diesel, climbed by 2.01 million barrels to 118.1 million, the Energy Information Administration reported yesterday. The ECB may become the first major central bank to take rates negative today as President Mario Draghi seeks to ward off deflation. “An overall bearish picture resulted from total hydrocarbon stocks increasing,” Harry Tchilinguirian , head of commodity markets strategy at BNP Paribas SA in London , said in a report. “The door is still open for a short-term correction in prompt WTI, possibly […]