Oil gained after a U.S. industry report showed another decline in inventories of crude and gasoline, signaling a tightening market. Global benchmark Brent rose above $74, while West Texas Intermediate advanced for the fourth day. The industry-funded American Petroleum Institute reported nationwide crude stockpiles fell 5.44 million barrels last week, according to people familiar with the matter. Official data will be released later, while the dollar also weakened making commodities priced in the currency more valuable. In Asia, traders digested a plan by China to sell oil from its strategic reserves for the first time, part of a campaign by Beijing to try to keep commodity prices in check. The initial auction on Sept. 24 will be for about 7.38 million barrels, the National Food and Strategic Reserves Administration said Tuesday. While that’s less than the country typically imports in a single day, the planned sale may be followed […]