OIL FUTURES: Crude traces equities lower, shrugging off US inventory draw

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Crude moved lower during midmorning New York trading May 18 as renewed weakness in US equity markets offset a larger-than-expected US inventory draw. At 1453 GMT, NYMEX June WTI was down $1.07 at $111.33/b and ICE July Brent was down $1.10 at $110.83/b. US commercial crude stocks fell 3.39 million barrels to 420.82 million barrels in the week to May…