New York—Crude oil futures were nearly flat Tuesday as voting began in the US presidential election, leaving the oil complex at an impasse until results are known from key swing states. NYMEX December crude settled 9 cents higher at $44.98/b, while ICE January Brent settled 11 cents lower at $46.04/b. The ICE Brent/WTI spread was trading Tuesday afternoon around 41 cents/b, the narrowest it has been since early June. That spread had been as wide as $1.44/b October 31 before starting to narrow.
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