WTI Falls From Two-Week High as Stockpiles Seen Climbing
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West Texas Intermediate oil rose for a fourth day as the dollar weakened against the euro. A report today may show U.S. crude stockpiles climbed to an eight-month high. Chinese refining fell to the lowest in four months.
Futures gained 0.9 percent in New York. U.S. crude inventories probably increased an eighth week in the seven days through March 8, the longest run of gains since May, a Bloomberg News survey showed before Energy Department data tomorrow. China cut oil-processing by 2 percent last month, government data showed today. South Korean officials said refineries importing North Sea crude will receive smaller rebates for exports of products.