West Texas Intermediate traded near its lowest closing price in a week after the American Petroleum Institute reported that U.S. crude supplies expanded. Brent was steady as Russia called for an end to violence in Ukraine.
Futures were little changed in New York, paring earlier gains of as much as 0.4 percent. U.S. crude inventories rose by 3.49 million barrels last week, the industry group said. Government data today may show a gain of 500,000 barrels, according to a Bloomberg News survey. Russia called for “emergency” measures to halt violence in eastern Ukraine after separatist militias suffered the heaviest casualties of their insurgency.
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