WTI Oil Climbs From 2013 Low While Shut Pipeline Lifts Brent

West Texas Intermediate oil advanced from the lowest level this year as equities climbed on company earnings, while the shutdown of a Brent pipeline system after a platform leak boosted the European benchmark.

WTI futures rose 0.8 percent as the Dow Jones Industrial Average surged to a record amid the fastest profit growth since the 1990s. Brent gained 1.4 percent as a pipeline system was closed for a fourth day after an oil leak was discovered March 2 on the Cormorant Alpha platform. After the close of floor trading, the American Petroleum Institute reported that U.S. crude supplies rose more than 5 million barrels and the death of Venezuelan President Hugo Chavez was announced.