WTI crude swings near 12-week low

West Texas Intermediate crude fluctuated near the lowest level in 12 weeks. Futures swung between gains and losses after sliding 0.5 per cent on Wednesday following a government report that showed an unexpected increase in US crude stockpiles.

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By (Agencies)

Published: Fri 27 Sep 2013, 10:23 AM

Last updated: Sat 4 Apr 2015, 10:58 AM

WTI for November delivery was up 44¢ at $103.10 a barrel on the New York Mercantile Exchange in midday London tradomg after falling by a similar amount earlier on Thursday.

Brent for November settlement rose 75¢ to $109.07 a barrel on the London-based ICE Futures Europe exchange. The European benchmark was at a $5.97 premium to WTI, widening from $5.66 on Wednesday, which was the biggest since September

(Agencies)

Published: Fri 27 Sep 2013, 10:23 AM

Last updated: Sat 4 Apr 2015, 10:58 AM

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