West Texas Intermediate fluctuated amid forecasts that a report tomorrow will show that U.S. crude supplies gained a 10th week while stockpiles of distillate fuel, a category that includes heating oil and diesel, dropped.
Futures traded in a 86-cent range. The Energy Information Administration will probably say crude inventories rose 750,000 barrels last week, according to the median of nine responses in a Bloomberg survey. Stockpiles of distillate fuel fell to a five-year low, the survey showed. Prices slipped yesterday after Iran and world powers reached an interim agreement on Nov. 24 to restrict the country’s nuclear program.