Oil traded near multi-month lows on Thursday with Brent under $50 a barrel as excess supplies and the prospect of further dollar strength weighed on prices. Gasoline stocks in the United States rose more than expected last week, overriding the bullish picture from a larger-than-expected drop in crude stockpiles and pushing prices down to their lowest levels in months. “We’re talking about September crude runs now and that’s pretty much past summer,” said Tony Nunan, a risk manager at Mitsubishi Corp. “The U.S. has (cheap) crude supply and can keep runs high but the rest of the world is not looking so good … We remain oversupplied and world-wide inventories are high.” September Brent crude LCOc1 fell 21 cents to $49.38 a barrel by 0633 GMT after dropping to $49.02 […]