WTI Crude Fluctuates, Discount to Brent Narrows on Seaway
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West Texas Intermediate fluctuated, while its discount to North Sea Brent narrowed after Enterprise Products Partners LP said supplies through its Seaway oil pipeline will increase.
Futures were little changed after advancing by the most since Feb. 11 in New York yesterday. Seaway volume will average 295,000 barrels a day from February to May, compared with 180,000 barrels last month, according to Enterprise. The Federal Reserve will release minutes of its January meeting today. U.S. crude stockpiles probably climbed a fifth week, according to a Bloomberg News survey before a government report tomorrow.