Oil traded near the lowest close in a week as U.S. crude stockpiles unexpectedly increased, keeping supplies at the highest in at least three decades with the peak summer demand period approaching its end. Futures were little changed in New York after falling 2.8 percent Wednesday. Inventories rose by 2.5 million barrels last week, according to the Energy Information Administration. The median forecast in a Bloomberg survey had projected a decline. Iraq will attend informal OPEC talks next month in Algiers, Deputy Oil Minister Fayyad Al-Nima said in a phone interview. Oil entered a bull market on Aug. 18, less than three weeks after tumbling into a bear market. Prices surged partly on speculation that informal discussions among members of the Organization of Petroleum Exporting Countries and other […]