Oil extended declines from the lowest close in 11 years amid further signs of weakness in China, the world’s second-biggest crude consumer. Futures fell as much as 2.2 percent in New York after dropping more than 10 percent last week. Producer prices in China fell for a record 46th month and inflation remained at about half the government’s 2015 target. Saudi Arabian Oil Co., the world’s biggest crude exporter, confirmed on Friday it was studying options for a share sale , including listing “a bundle” of refining subsidiaries, according to a statement from the state-owned oil monopoly. Oil slumped last week as volatility in Chinese markets fueled a rout in global equities and U.S. crude stockpiles remained about 100 million barrels above the five-year average. Analysts from Nomura Holdings Inc. to UBS Group AG predict oil may fall to near $30 a barrel. “Sentiment indicators are all to the […]