The gap between West Texas Intermediate and Brent narrowed to the least in nearly two months as U.S. crude stockpiles were forecast to fall and Ukraine said peace talks with Russia yielded progress. Futures rose as much as 0.5 percent in New York and Brent was steady in London . U.S. crude stockpiles probably shrank by 1.5 million barrels in the week ended June 6, according to a Bloomberg News survey before data from the Energy Information Administration tomorrow. Two days of peace talks with Russia led to an agreement to implement parts of President Petro Poroshenko’s peace plan, Ukraine’s Foreign Ministry said in a statement. “No one should be surprised that the WTI-Brent spread is tightening up,” Bjarne Schieldrop, chief commodities analyst at SEB AB in Oslo, said by e-mail. “U.S. oil stocks are now likely to fall every week until mid-August.” WTI for July delivery gained as […]