Brent crude rose on speculation that threats to supply mean recent losses were excessive, while West Texas Intermediate declined, pushing the North Sea grade’s premium to the U.S. benchmark to the widest in a week.
West Texas Intermediate dropped for a fourth day, slipping below $100 a barrel, as the dollar headed for its biggest monthly gain against the euro since last February, curbing the appeal of the commodity. Brent decreased in London.
West Texas Intermediate crude traded near the highest price in three days before supply data that will signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent in London was steady.