Oil declined for a fourth day before weekly U.S. government data forecast to show increasing crude stockpiles kept supplies at the highest level in more than eight decades. Futures lost as much as 1.7 percent in New York after slipping 0.2 percent Monday. Inventories probably increased by 3 million barrels last week, a Bloomberg survey shows before an Energy Information Administration report Wednesday. That would be a seventh weekly gain. Indonesia will attend a meeting of major oil exporters in Doha next month to consider an output freeze, according to Energy and Mineral Resources Minister Sudirman Said. “The size of the crude inventories combined with the fact we’ve seen a significant rally in prices is going to limit gains,” Ric Spooner, a chief analyst at CMC Markets in Sydney, said by phone. “Oil is in a short-term downtrend.” Oil tumbled to a 12-year low this year before rebounding on […]