Crude inventories rose 2.09 million barrels last week: API Saudi Arabia said to pump 10.67 million barrels a day in July Oil declined for a second day as weekly U.S. industry data showed crude stockpiles expanded and Saudi Arabia was said to have raised July production to a record. Futures decreased as much as 1.6 percent in New York, extending Tuesday’s 0.6 percent decline and almost erasing this week’s gain. U.S. inventories rose by 2.09 million barrels last week, the American Petroleum Institute was said to report. Government data Wednesday is forecast to show stockpiles slid by 1.5 million barrels. Saudi Arabia pumped 10.67 million barrels of oil a day in July to satisfy the summer surge in domestic demand, according to two people with knowledge of the data. Oil has fluctuated after tumbling more than 20 percent into a bear market and closing below $40 a barrel last […]