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WTI-Brent Spread Shrinks to Tightest in Two Weeks

West Texas Intermediate’s discount to Brent shrank to the narrowest level in two weeks as the U.S. economy improved more than forecast in the third quarter and supply slid amid rising demand.

WTI capped the longest rally since August. The U.S. grew the most since early 2012, and jobless claims unexpectedly fell to a two-month low, government data showed. The spread has tightened more than $4 in three days as refineries processed more crude, trimming stockpiles, and TransCanada Corp. said it will start a pipeline to Texas from Oklahoma next month.