WTI crude little changed amid thin trade

West Texas Intermediate was little changed after rising for four of the previous five sessions, amid thin trading volumes with the UK closed for the post- Christmas Boxing Day holiday.

WTI for February delivery increased as much as 43 cents to $99.65 a barrel in electronic trading on the New York Mercantile Exchange. The volume of all futures traded was about 80 per cent below the 100-day average. Prices have advanced 8.1 per cent in 2013, set for the fourth annual gain in five years.

Brent for February settlement fell as much as 44 cents, or 0.4 per cent, and was trading at $111.52 a barrel on the London- based ICE Futures Europe exchange.

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