Oil fell to the lowest in a week after U.S. crude stockpiles topped half a billion barrels and the International Energy Agency said global supplies are plentiful. Futures in New York slipped 0.3% on Wednesday, closing out the longest stretch of declines in more than six months. A U.S. government report showed domestic oil supplies rose for a fourth straight week. Further adding to downbeat sentiment, the IEA said that oil markets are not on the verge of a new price supercycle and any concerns of a supply shortfall are misguided. Late in the session, prices pared some losses alongside a weaker dollar after the Federal Reserve continued to project near-zero interest rates at least through 2023 and upgraded its economic outlook. “We’re still working through the ramifications of the freeze-off and it’s going to cause odd storage levels […]