WTI set for first weekly loss in three as Brent gap widens

WASHINGTON, D.C. (Bloomberg) -- West Texas Intermediate crude headed for the first weekly loss in three, widening the discount to Brent, as U.S. stockpiles expanded and demand fell. Futures dropped as much as 1.4% today. Stockpiles increased in 13 of the past 14 weeks to reach the highest level since government weekly data started in 1982, an Energy Information Administration report shows. Fuel demand dropped to a 10-month low. Brent traded near $110 on concern the Ukraine crisis may disrupt global supplies.

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WTI set for first weekly loss in three as Brent gap widens WTI set for first weekly loss in three as Brent gap widens Reviewed by Crude Oil Facilitators on 00:37 Rating: 5

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