FX & CFD trading involves significant risk
Intermediate crude advanced after a government report showed that
rose after the Energy Information Administration said nationwide stockpiles
dropped 4.37 million barrels to 355.6 million. A 1.2 million-barrel decline was
projected in a Bloomberg survey. Inventories at
for October delivery increased 98 cents, or 0.9 percent, to $106.40 a barrel at
10:42 a.m. on the New York Mercantile Exchange. The contract traded at $105.74
before the release of the report at 10:30 a.m. in
Brent oil for November settlement rose 32 cents, or 0.3 percent, to $108.51 a barrel on the London-based ICE Futures Europe exchange. The European benchmark grade’s premium to WTI slipped to as little as $2.70 a barrel, the narrowest gap since Aug. 19, as some supplies returned in Libya and concern that a U.S.-led attack on Syria would affect Middle East exports waned.
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