West Texas Intermediate crude traded near the lowest level in almost two weeks before data on fuel supplies and economic strength in the U.S., the world’s biggest oil consumer. Brent was steady in London . Futures dropped as much as 0.4 percent in New York . Gasoline stockpiles probably expanded to the highest level since March, a Bloomberg News survey showed before a report from the Energy Information Administration tomorrow. Government data on second-quarter gross domestic product and monthly payrolls are also scheduled this week. The U.S. and European Union may move as soon as today to impose tougher sanctions against President Vladimir Putin ’s government over Ukraine. “The outlook for crude demand is beginning to play a bigger role in the market” and so this week’s economic data will be “instrumental,” Jens Pedersen, an analyst at Danske Bank A/S in Copenhagen, said by e-mail. “Other than that, the […]