West Texas Intermediate crude fell for a second day, trimming its first monthly advance since August, amid speculation that recent price increases may be unsustainable. Futures dropped as much as 0.4 percent after failing to extend gains above the 200-day moving average. WTI has risen 6.6 percent so far this month. Gasoline stockpiles in the U.S., the world’s largest oil consumer, are forecast to have expanded for a fifth week, according to a Bloomberg News survey before government data this week. “Crude is seeing some resistance around the 200-day moving average, and that’s giving traders a reason not to move too far away from this level,” Ric Spooner, a chief analyst at CMC Markets in Sydney, said by phone today. “After recent gains, we are at a level where traders might be comfortable to just wait and see if the news can catch up to the prices. People in […]