WTI-Brent Discount Narrows as Crude Grades Ease

Dealers said crude grades eased on Wednesday as the discount of U.S. West Texas Intermediate crude to Brent narrowed during the session. The EIA reported U.S. crude inventories fell by 1.9 million barrels to 410.6 million barrels in the week ended October 23; the supplied text is truncated before analysts’ expectations.