WTI Oil Trades Near Week’s Low Before Stockpile Data
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West Texas Intermediate crude advanced from a four-day low amid speculation that the partial U.S. government shutdown will be resolved without curbing fuel demand in the world’s largest oil user.
Futures gained as much as 0.9 percent. U.S. lawmakers began taking the first tentative steps toward a path to raising the government’s debt limit even as the rhetoric between President Barack Obama and Republican leaders grew more divisive. U.S. crude inventories probably rose a third week, adding 1.6 million barrels, according to a Bloomberg News survey before a government report tomorrow.