Oil Swings Near Six-Month Low Before China Data Tomorrow

Brent crude traded near its lowest closing level in nine months on speculation that supplies remain sufficient to meet demand. West Texas Intermediate was near a six-month low.

Futures were little changed in London. In Iraq, Kurdish exports remain unaffected by turmoil that also has spared supply from the nation’s south, home to more than three-quarters of its crude output. Libyan lawmakers ordered feuding militias and other groups to end their fighting. Crude stockpiles remain above last year’s level in the U.S., the world’s biggest consumer, according to the Energy Information Administration.