FX & CFD trading involves significant risk
West Texas Intermediate crude rose after TransCanada Corp. said it expects to finish construction and begin commissioning the southern portion of its Keystone pipeline expansion by end of October.
between WTI and Brent oil, the European benchmark, narrowed on speculation that
completion of the link will help reduce stockpiles at
WTI crude for November delivery rose $1.49, or 1.5 percent, to $103.53 a barrel at 11:31 a.m. on the New York Mercantile Exchange. The contract slid 0.3 percent to settle at $102.04 yesterday, the lowest close since July 3. The volume of all futures traded was 61 percent above the 100-day average.
Brent oil for November settlement gained 94 cents, or 0.9 percent, to $108.88 a barrel on the London-based ICE Futures Europe exchange. Volume was 3.3 percent lower than the 100-day average. The European benchmark traded at a $5.35 premium to WTI, down from $5.90 yesterday.
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