West Texas Intermediate crude fell as rising U.S. inventories overcame optimism that Janet Yellen will maintain Federal Reserve stimulus efforts. WTI’s discount to Brent grew to the steepest since March. WTI slid 12 cents after touching a five-month low in intraday trading as the Energy Information Administration reported a 4.6 percent surge in supplies at Cushing, Oklahoma, the futures’ delivery point. Crude reduced losses as Yellen, the nominee for Fed chairman, said she will ensure the central bank’s asset purchases don’t end too soon. “Rising stockpiles are going to keep the pressure on WTI,” said Chip Hodge , who oversees a $9 billion natural-resource bond portfolio as senior managing director at Manulife Asset Management in Boston. “The discount to Brent keeps widening, as a result, and I don’t see it abating anytime soon.” WTI for December delivery settled at $93.76 a barrel on the New York Mercantile Exchange after […]