West Texas Intermediate swung between gains and losses before U.S. economic data that may signal when the U.S. Federal Reserve will begin scaling back monetary stimulus in the world’s biggest crude consumer. Futures fluctuated in New York after falling 2.9 percent last week, the most in five weeks. A series of U.S. government data is due this week, including industrial production figures that are forecast to show output rose in September. Iraq ’s crude exports last month dropped to 62.1 million barrels amid maintenance, according to an oil ministry spokesman. “There’s a lot of economic data this week,” said Ric Spooner, a chief market analyst at CMC Markets in Sydney. “Weaker data will be bad news for the oil market. There is resistance at the 200-day moving average at about $98.70, and support” at $95, he said. WTI for December delivery was at $97.55 a barrel in electronic trading […]