West Texas Intermediate crude capped a fifth weekly decline, the longest losing streak in nine months, on concern refineries will reduce demand for crude as the end of summer driving season approaches. Brent slid. Gasoline demand slid to a two-month low last week, according to the Energy Information Administration. Retail gasoline prices are at the lowest seasonal level in four years, according to AAA. U.S. refineries typically schedule seasonal maintenance for September and October, when they move from maximizing gasoline output to producing winter fuels. “WTI is weakening because we are approaching refinery turnaround season,” said Tom Finlon, Jupiter, Florida-based director of Energy Analytics Group LLC. “Refinery runs aren’t going to go up much further.” WTI for October delivery dropped 31 cents, or 0.3 percent, to $93.65 a barrel on the New York Mercantile Exchange, the lowest settlement since Jan. 14. The volume of all futures traded was about […]