Oil Snaps Three-Day Decline in New York; Keystone Curbed
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Oil snapped a three-day decline in New York while London’s Brent futures swung between gains and losses. The Keystone pipeline won’t resume full deliveries until next month after a shutdown.
Front-month futures traded 0.3 percent higher after losing 3.7 percent since Oct. 17 to settle at the lowest in more than two weeks yesterday. Brent crude fell as much as 0.2 percent and rose 0.3 percent. Prices fluctuated before reports tomorrow that may show new home sales in the U.S. in September rose to the highest in more than two years and crude stockpiles advanced.