West Texas Intermediate traded near a two-month high above $100 a barrel after U.S. crude and distillate stockpiles fell more than forecast, while exports from Libya remained curbed by port closures. Futures were little changed near the highest settlement since Oct. 18. Crude inventories dropped by 4.73 million barrels to the lowest level since September last week amid an increase in refinery operations, while distillate supplies, including diesel and heating fuel, fell by 1.85 million barrels to 114.1 million, the Energy Information Administration reported Dec. 27. A possible agreement with rebels to reopen the Libyan port of Hariga collapsed, the oil ministry said Dec. 28. “The recovery of the U.S. economy is fueling expectations of higher oil demand in the U.S.,” said Olivier Jakob , managing director at Petromatrix GmbH in Zug, Switzerland . “Distillate stocks will end 2013 at a multi-year low for the season and that should […]