West Texas Intermediate traded near the lowest price in more than 16 months on estimates that crude inventories increased last week in the U.S., the world’s biggest oil consumer. Brent was steady in London . Futures were little changed in New York and London. Crude stockpiles probably expanded by 750,000 barrels last week to 363 million, according to a Bloomberg News survey before an Energy Information Administration report today. Saudi Arabia and Qatar are among countries that joined the first wave of U.S.-led air strikes in Syria against Islamic State. “Weak demand, rather than rampant supply growth, is currently the Achilles heel of the market,” Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd., said in a report. “Even in the U.S., despite strong economic momentum, most of the post-recessionary increase for oil demand is now largely behind us.” WTI for November delivery was at $91.77 a barrel […]