West Texas Intermediate traded near the highest price in two weeks after government data showed crude inventories fell to the lowest level since March 2012 in the U.S., the world’s biggest oil consumer. Futures were little changed in New York after advancing 1.7 percent yesterday, the most in six weeks. Crude stockpiles slid by 7.66 million barrels to 350.2 million in the seven days ended Jan. 10, according to the Energy Information Administration. That’s a seventh week of declines and is more than five times a 1.3 million drop forecast in a Bloomberg News survey. “It’s a big surprise on the inventory number,” said Michael McCarthy , a chief strategist at CMC Markets in Sydney who predicts investors may sell WTI contracts at about $97.10 a barrel. “It was a big draw. We have a clear short-term uptrend in place now.” WTI for February delivery was at $94.07 a […]