West Texas Intermediate traded near the lowest price since February after data showed slower growth in factory output in China , the world’s second-largest oil consumer. Brent’s premium to WTI widened. Futures were little changed in New York after falling the most since in two months yesterday. Chinese industrial production expanded by 8.6 percent in the January-February period from a year earlier, according to the National Bureau of Statistics. A 9.5 percent gain was forecast in a Bloomberg News survey of economists. The U.S. announced a test sale of oil from the Strategic Petroleum Reserve while the Energy Information Administration reported a 6.18 million-barrel increase in crude stockpiles , triple the median analyst estimate. “It’s not an improving picture with a very weak rating on industrial production,” Michael McCarthy, a chief market strategist at CMC Markets in Sydney, said by phone. “We could see oil under pressure over the […]