WTI rises amid forecast of lower stockpiles in U.S.

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Source: Bloomberg
West Texas Intermediate crude increased for the third straight session on Tuesday amid expectations that an industry report may show inventories in the U.S., the world's largest oil consumer, fell for the first time in two months. WTI for delivery next month shed 42 cents to $94.24 a barrel on the NYMEX and traded at $94.12 a barrel as of 2:47 p.m. in Singapore.

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Tue, 03 Dec 2013 11:09:03 GMT

Brent drops before OPEC meeting tomorrow

The European benchmark Brent crude declined on Tuesday after recording the second month of gains as the OPEC ministers will meet tomorrow maintain a target of 30 million barrels a day amid signs that demand may stay at current levels next year. Brent for delivery in January shed 1% to $111.44 a barrel on the London's ICE Futures Europe Exchange.

Tue, 03 Dec 2013 10:47:04 GMT

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