Brent crude traded near its lowest close in four years amid signs that OPEC members are reluctant to reduce supply even as prices slumped deeper into a bear market. West Texas Intermediate dropped in New York. Futures slid as much as 1 percent in London. The oversupply in global markets “didn’t come from us,” Energy Minister Suhail Al Mazrouei said yesterday of the United Arab Emirates and the Organization of Petroleum Exporting Countries. Crude stockpiles in the U.S., the world’s biggest oil consumer, probably increased by 1.1 million barrels through Nov. 7 for a sixth weekly gain, a Bloomberg News survey shows before government data tomorrow. Brent has lost about 30 percent since its June peak amid speculation that global supply is outpacing demand. Leading OPEC members are resisting calls to cut output and instead reducing export prices to the U.S., where they’re competing with the fastest pace of […]