Oil resumed its decline as a rebound in U.S. drilling added to signs producers will keep pumping crude amid a global glut. Futures slid as much as 1.4 percent in New York. The number of rigs seeking oil rose by 2 to 672 for the sixth gain in seven weeks, Baker Hughes Inc. data show. The U.S. agreed to allow some crude to flow to Mexico in the latest step toward easing a 40-year ban on most domestic exports. Oil has slumped more than 30 percent from the June closing peak this year amid speculation the global surplus will be prolonged. The Organization of Petroleum Exporting Countries may boost output to a record after Iran’s international sanctions are removed, according to the nation’s OPEC representative. “There is no change to the fundamentals,” Ric Spooner, a chief analyst at CMC Markets in Sydney, said by phone. “The market is continuing […]