Highest seasonal level of U.S. crude, fuel supplies in decades Libyan oil ports reopening after dispute settled with guards Oil was poised to enter bear market in New York with its biggest monthly decline in a year as brimming crude and fuel inventories forced a retreat toward $40 a barrel. U.S. futures fell 1.1 percent, bringing the monthly drop to 16 percent. Prices settled on Thursday 19.7 percent below their June peak, close to the common definition of a bear market. U.S. crude inventories rose last week for the first time since May while gasoline stockpiles expanded, swelling a surplus that was already at the highest seasonal level in at least two decades. Libya’s biggest oil ports are reopening after a dispute with guards at the facilities was settled, although other factions in the country have threatened to block shipments. Oil has slipped about 20 percent since early June, […]