Oil prices fell Thursday to their lowest levels since August as U.S. inventory data showed a seventh straight increase in U.S. supplies. U.S. crude inventories rose by 4.2 million barrels last week, the U.S. Energy Information Administration said Thursday. Analysts surveyed by The Wall Street Journal had expected an increase of 1.1 million barrels. Total supplies of crude oil and refined products rose 2.6 million barrels to 1.3 billion barrels, near all-time highs. Light, sweet crude for December delivery settled down $1.18, or 2.7%, to $41.75 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell $1.75, or 3.8%, to $44.06 a barrel on ICE Futures Europe. Both benchmarks settled at the lowest level since Aug. 26. Crude supplies typically fall at this time of year as refiners complete seasonal maintenance and start processing more crude oil into refined products. Refineries did process more crude […]