Oil Little Changed on Jobless Claims, Keystone Pipeline

Oil was little changed in New York as U.S. jobless claims increased more than analysts expected and TransCanada Corp. shut the Keystone pipeline that tranports oil from Canada to the midcontinent.

Futures slipped 2 cents after the Labor Department said applications for unemployment benefits rose to 388,000 in the week ended Oct. 13, more than the 365,000 median estimate in a Bloomberg survey of economists. TransCanada shut the line after finding an anomaly and cut oil flows to Cushing, Oklahoma, the delivery point for New York futures, and Midwestern refineries.