29/03/2012 07:00 AST

Oil traded near the lowest close in almost a week in New York after U.S. inventories surged and Western countries discussed tapping emergency reserves.

West Texas Intermediate futures were little changed after falling 1.8 percent yesterday as an Energy Department report showed crude supplies rose the most since July 2010. The U.S. proposed a release from strategic reserves, French Industry Minister Eric Besson said. A White House official said no decision has been made. There is “no rational reason” for prices at current levels and Saudi Arabia would like to see them fall, the nation’s Oil Minister Ali al-Naimi said.

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Bloomberg

Ticker Price Volume
QNBK 123.30 103,897
SABIC 100.87 2,504,855
EEC 17.29 463,643
SIPCHEM 15.72 1,068,963
PETRORABIGH 13.85 2,037,712
RJHI 67.88 1,417,807
BURUJ 34.50 110,831
(In US Dollar) Change Change(%)
Brent 55.48 0.00 0.00
WTI 49.48 -0.43 -0.86
OPEC Basket 53.81 0.03 0.06
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