Oil extended declines from a one-month low before U.S. government data forecast to show increasing crude stockpiles kept supplies at the highest level in more than eight decades. Futures fell as much as 1.3 percent in New York after dropping 6.9 percent in the previous two sessions. Inventories in the U.S., the world’s biggest oil user, climbed by 2.85 million barrels last week, according to a Bloomberg survey before an Energy Information Administration report Wednesday. That will be an eighth weekly advance. Oil-producing countries are discussing a draft resolution for an April 17 meeting in Doha on capping output, Russian Energy Minister Alexander Novak said on Monday. Oil’s rebound from a 12-year low as U.S. output declined has stalled amid doubts about the prospects of a proposed deal to freeze supply. Saudi Arabia will only cap production if it’s joined by other major producers including Iran, the kingdom’s deputy […]