A manifold system, used to direct oil around the facility, stands near crude oil storage tanks stand at the Cushing storage terminal in Cushing. Oil traded near the highest close in more than 10 months as weekly U.S. industry data showed crude stockpiles declined, trimming a glut. Futures were little changed in New York after advancing 3.6 percent the previous two sessions to close above $50 a barrel Tuesday for the first time since July. Inventories fell by 3.57 million barrels last week, the American Petroleum Institute was said to report. Government data Wednesday are forecast to show supplies dropped. Repair work on a key Nigerian oil pipeline operated by Royal Dutch Shell Plc is underway, according to a person familiar with the operations. Oil has surged more than 90 percent from a 12-year low in February amid unplanned disruptions and a steady slide in U.S. output, which is […]