Oil Trims Weekly Advance as U.S. Refineries Remain Shut

Crude traded near its highest closing price in more than a week in New York after the U.S., the world’s largest oil consumer, added more jobs than forecast.

West Texas Intermediate was little changed, having fallen as much as 1 percent, after a net 171,000 workers were added to payrolls in October, Labor Department data showed. The median forecast of 91 economists surveyed by Bloomberg predicted an advance of 125,000. Prices fell earlier as Phillips 66 and Hess Corp.’s New Jersey refineries remained shut four days after Hurricane Sandy struck the East coast.