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WTI Trades Near Four-Week High on Cushing Supplies

West Texas Intermediate traded near a four-week high amid speculation that crude supplies will shrink further at Cushing, the biggest U.S. oil-storage hub. Brent was steady in London after Libya’s government offered concessions to defuse renewed tensions.

Futures were little changed in New York after rising 0.6 percent yesterday. Total U.S. crude inventories were unchanged after increasing five of the last six weeks, a Bloomberg News survey shows. A rogue general in eastern Libya, whose forces attempted to dissolve the parliament in Tripoli, gained support among soldiers and some separatist groups.