West Texas
Intermediate traded near the lowest price in almost six months and at the
steepest discount to Brent since March, as crude stockpiles rose for a 10th
week in the U.S., the world’s biggest oil consumer.
Futures
were little changed in
WTI for
January delivery was at $92.25 a barrel in electronic trading on the New York
Mercantile Exchange, down 5 cents, as of 2:34 p.m.
Brent for
January settlement slipped 8 cents to $111.23 a barrel on the London-based ICE
Futures Europe exchange. Prices are up 2.2 percent this month. The contract was
at a premium of $18.97 to WTI, compared with $19.01 yesterday, the widest
spread in more than eight months based on closing prices.