FT – US oil rallies on expectations of lower stocks

US oil prices rallied on expectations of lower inventories in the Oklahoma hub of Cushing, pushing its discount to the global benchmark to its lowest level in a month.

News that pipeline operator TransCanada had started filling the southern leg of its Keystone pipeline, which transports crude from Cushing to the Gulf Coast, lifted West Texas Intermediate, the US crude benchmark. (Read more… http://www.ft.com/intl/cms/s/0/7d0d851c-61b5-11e3-916e-00144feabdc0.html?siteedition=intl#axzz2n6jQfmOb)
(English, Article, 2013)
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