Brent Trades Near Five-Day Low as Ukraine Risk Muted; WTI Steady
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Brent crude traded near its lowest closing level in five days on speculation that global supplies are adequate and Russian exports will remain unaffected by turmoil in Ukraine. West Texas Intermediate was steady before inventory data.
Futures pared earlier gains of 0.4 percent in London. Ukraine said it will press on with military operations after its forces regained control of Donetsk airport and inflicted “significant” losses on pro-Russian separatists. U.S. government data tomorrow will probably show crude stockpiles rose last week, according to a Bloomberg News survey. The U.S. advised its citizens to leave Libya because of clashes between armed groups in the OPEC member nation.