West Texas Intermediate oil traded near the lowest price in more than four months amid speculation U.S. crude supplies will be sufficient. London-traded Brent rebounded as an index of China ’s services industry advanced to the highest level this year. Futures were little changed in New York after falling 3.3 percent last week, the most since June. Crude stockpiles in the U.S., the world’s biggest oil consumer, have risen for the past six weeks, according to government data. Libya is boosting production and preparing to resume operations at an export terminal, said an Oil Ministry official. “The big risk is to the downside even though prices have come off quite a bit,” said Ric Spooner, a chief market analyst at CMC Markets in Sydney. “For the supply side, the market isn’t so concerned about the risk premium in the Middle East . If we just look at the basic […]