Oil was little changed, giving up earlier gains as traders assessed an increase in gasoline stockpiles and technical signals suggesting the commodity’s rally was due for a pullback. Futures in London pared a gain of as much as 1.6% after testing a run to the key psychological $70-a-barrel mark. While an Energy Information Administration report on Wednesday showed U.S. crude stockpiles fell by nearly 8 million barrels last week and exports surged by the most on record, gasoline inventories rose for a fifth straight week. Crude has advanced alongside a broader rally across raw materials that’s driven the Bloomberg Commodity Spot Index to the highest in almost a decade. The earlier oil rally failed to break through key resistance levels, and prices flirting with the upper Bollinger band in recent sessions added to bearish pressures. The longer-term demand recovery continues […]