West
Texas Intermediate traded near a three-day high amid speculation that
crude supplies declined a second week in the U.S., the world��s biggest
oil consumer. Brent was steady in London.
Futures
were little changed in New York after advancing 0.6 percent yesterday.
Crude stockpiles probably shrank by 1 million barrels last week,
according to a Bloomberg News survey before an Energy Information
Administration report tomorrow. Rebels in eastern Ukraine said they��re
seeking to join Russia after disputed referendums while the government
in Kiev was given a deadline to pay for Russian gas to prevent a supply
cutoff. China reports industrial production data today.
WTI
for June delivery was at $100.57 a barrel, down 2 cents, in electronic
trading on the New York Mercantile Exchange at 11:44 a.m. Sydney time.
The contract rose 60 cents to $100.59 yesterday, the highest close since
May 7. The volume of all futures traded was about 66 percent below the
100-day average. Prices are up 2.2 percent this year.
Brent
for June settlement was 11 cents higher at $108.52 a barrel on the
London-based ICE Futures Europe exchange. The European benchmark crude
at a premium of $7.95 to WTI. It ended the session at $7.82 yesterday.
Source : Bloomberg
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