Motor-fuel stockpiles forecast to fall by 1.25 million barrels Volatility to endure as rebalancing continues: oil executives Oil traded near $47 a barrel before data forecast to show that gasoline stockpiles declined while crude inventories increased in the U.S., the world’s largest oil consumer. Futures increased 0.7 percent in New York after falling 1.4 percent on Monday. Inventories of gasoline probably slid by 1.25 million barrels last week, according to a Bloomberg survey before an Energy Information Administration report on Wednesday. Market volatility will persist while demand and supply rebalance, according to executives from oil companies gathering at a conference in Norway. Oil entered a bull market Aug. 18, less than three weeks after tumbling into a bear market, as prices surged partly on speculation that talks next month among members of the Organization of Petroleum Exporting Countries may result in action to stabilize the market. A deal to […]