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WTI Crude at Highest Since October on Cushing Stockpiles

West Texas Intermediate crude advanced to the highest level in almost four months after the government reported that inventories at Cushing, Oklahoma, decreased last week.

Prices rose for the sixth time in seven days. Supplies at Cushing, the delivery point for the futures, shrank by 2.67 million barrels, the Energy Information Administration reported. Stockpiles declined as the southern leg of TransCanada Corp.’s Keystone XL pipeline moved oil to the Gulf Coast. WTI reduced gains as total U.S. crude supplies rose more than expected.