WTI Crude’s Discount to Brent Widest in Five Weeks
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West Texas Intermediate traded near $102 a barrel in New York after slipping to a two-week low on estimates that U.S. oil stockpiles rose last week. Brent’s premium to WTI reached a five-week high.
WTI futures dropped as much as 0.5 percent in New York after falling the most since Jan. 2 yesterday. U.S. crude stockpiles probably rose for the 13th time in 14 weeks, a Bloomberg News survey shows before government data today.