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PT. Jalatama memberikan berita, West Texas Intermediate rose for a third day before a report tomorrow that’s forecast to show crude stockpiles dropped for the first time in almost three months in the U.S., the world’s biggest oil consumer.

Futures advanced as much as 0.4 percent in New York. U.S. crude inventories shrank by 700,000 barrels during the seven days ended Nov. 29, the first decline in 11 weeks, according to a Bloomberg News survey before data from the Energy Information Administration. The global oil market is balanced, Saudi Arabian Oil Minister Ali al-Naimi said before the Organization of Petroleum Exporting Countries meets tomorrow to discuss its production quota, which is forecast to remain unchanged.

WTI for January delivery gained as much as 38 cents to $94.20 a barrel in electronic trading on the New York Mercantile Exchange, and was at $94.15 at 11:30 a.m. Sydney time. The contract rose $1.10, or 1.2 percent, to $93.82 yesterday, the highest close since Nov. 25. The volume of all futures traded was about 53 percent below the 100-day average. Prices are up 2.5 percent this year.

Brent for January settlement increased $1.76, or 1.6 percent, to $111.45 a barrel on the London-based ICE Futures Europe exchange yesterday. The European benchmark crude ended the session at a premium of $17.63 to WTI futures.

Demand for crude from OPEC will remain near current levels in 2014, so ministers meeting in Vienna tomorrow will probably stick with a 30 million-barrel-a-day ceiling, said three delegates who spoke on condition of anonymity because discussions are private. Saudi Arabia pumps almost a third of the oil produced by the 12 member nations. The group will reaffirm its current limit, according to 22 of 24 analysts and traders surveyed by Bloomberg News.

(Source: Bloomberg)