West Texas Intermediate oil fell amid speculation that its increase to the highest price this year was excessive. Futures declined as much as 0.5 percent in New York , trimming a third weekly advance. Government data tomorrow may show a Chinese manufacturing index fell to the lowest in six months, according to a Bloomberg News survey. WTI will probably decrease next week amid concern that emerging economies will slow, curbing fuel demand, according to a separate survey of analysts and traders by Bloomberg. “Traders are locking in gains,” said Michael McCarthy , a chief strategist at CMC Markets in Sydney who predicts investors may sell WTI at about $98.50 a barrel. “Not only because they’ve seen significant rises in their positions but also we’re now approaching several technical resistance points.” WTI for March delivery lost as much as 45 cents to $97.78 a barrel in electronic trading on the […]