West Texas Intermediate crude fell for a second day after an industry report showed gasoline supplies expanded in the U.S., the world’s biggest oil consumer. Brent was steady in London. Futures dropped as much as 0.6 percent in New York. Gasoline inventories increased by 3.6 million barrels last week, the American Petroleum Institute was said to have reported yesterday. Stockpiles probably rose by 1 million barrels, according to a Bloomberg News survey of analysts before government data today. Brent traded near its lowest closing price in two days amid speculation that further sanctions on Russia over the downing of a Malaysian Air jet will have no impact on energy supplies. “Tensions related to Ukraine seem to be fading a bit, with clear signs that the separatists are willing to help, and with no new sanctions on Russia introduced,” Ole Hansen, head of commodity strategy at Saxo Bank A/S in […]