WTI Crude Trades Near 2013 Low; U.S. Supply to Increase
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West Texas Intermediate traded near its lowest level this year. The Energy Department will probably report U.S. crude stockpiles rose to a seven-month high, according to a Bloomberg survey.
Futures slipped 0.3 percent, erasing an earlier gain. U.S. crude inventories climbed 2.5 million barrels, or 0.7 percent, to 378.9 million, a Bloomberg survey indicated. Iranian nuclear negotiator Saeed Jalili said talks with the U.S. and its partners will resume next month in Istanbul after discussions on the country’s atomic program concluded without agreement in Almaty, Kazakhstan.