US oil prices near two-year high on pipeline shutdown, falling inventories
US oil costs stayed almost two-year highs on Thursday as the shutdown of the Keystone pipeline and a drawdown in fuel inventories indicated a fixing market, in spite of rising yield. US West Texas Intermediate (WTI) rough fates were at $57.95 a barrel at 0143 GMT, down 7 pennies from their last settlement, yet at the same time near 2015-highs of $58.15 a barrel achieved the earlier day. Brent unrefined prospects LCOc1, the worldwide benchmark at oil costs, were at $63.19 per barrel, 13 pennies underneath their last close.WTI has been floated by the shutdown of the 590,000 barrel-per-day (bpd) Keystone pipeline, one of the biggest rough pipelines from Canada to the United States, and also by another drawdown in business fuel inventories that came in spite of record US oil generation. US unrefined inventories C-STK-T-EIA fell 1.9 million barrels in the week to November 17, to 457.14 million barrels. Stocks have dropped by 15 for every penny from their records in March, ...