Oil extended declines from the lowest close in more than 12 years before U.S. government data forecast to show crude supplies expanded, exacerbating a global glut. Futures fell as much as 3.2 percent in New York after dropping 5.3 percent Monday. Stockpiles probably rose by 2 million barrels last week, a Bloomberg survey showed before a report from the Energy Information Administration Wednesday. OPEC will soon make efforts to convene before its scheduled June meeting as the slump in prices takes its toll on all members, Nigeria’s minister of state for petroleum resources Emmanuel Kachikwu said. “Oil inventories are going to […]