West Texas Intermediate swung between gains and losses near the lowest price in more than four months amid speculation crude inventories increased for a seventh week in the U.S., the world’s biggest oil consumer. Futures fluctuated after rising 1 cent yesterday from the lowest close since June. Crude stockpiles expanded by 2.2 million barrels to 386.1 million last week as production climbed to a 24-year high, according to a Bloomberg News survey of analysts before data from the Energy Information Administration tomorrow. Libya prepared to resume crude exports at its Hariga terminal amid protests involving armed guards. “What’s happening with fresh U.S. supplies coming onstream seems to have caught the market a little by surprise,” David Lennox , a resource analyst at Fat Prophets in Sydney, said by phone. “We saw WTI react to that with a fairly sharp fall, and now it’s stabilized somewhat.” WTI for December delivery […]