NEW YORK: Brent oil settled at a three-month low on Tuesday, pressured by the downturn in emerging markets, while U.S. crude ended higher, boosted by continued demand for heating fuels and the expectation of a large draw from storage at the benchmark's delivery point.
U.S. oil rose by as much as $1.28 as traders expected oil inventory data to show that supplies were beginning to drain in earnest from Cushing, Oklahoma, after the startup of TransCanada's Keystone south pipeline.
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