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WTI Crude Gains for First Time in Six Days; Brent Widens Premium

Aug. 4 (Bloomberg) -- West Texas Intermediate crude advanced for the first time in six days. Brent also gained, widening its premium to WTI.

WTI for September delivery increased 12 cents to $98 a barrel at 12:48 p.m. on the New York Mercantile Exchange. The volume of all futures was 23 percent below the 100-day average. The price ranged from $97.43 to $98.36.

Brent for September settlement increased 34 cents to $105.18 a barrel on the London-based ICE Futures Europe exchange. Volume was 23 percent above the 100-day average. The European benchmark crude was at a premium of $7.18 to WTI on the ICE, compared with $6.96 on Aug. 1.

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