Brent oil extended its decline from the lowest close in more than 12 years as rising U.S. crude stockpiles added to a swelling global glut. Futures slid as much as 2.1 percent in London after falling 3.1 percent Wednesday to settle at the lowest level since November 2003. Inventories rose by 4.6 million barrels last week, according to industry data, while official U.S. government figures Thursday are forecast to show a second weekly advance. It’s the third consecutive year that global supply is exceeding demand, according to Fatih Birol, executive director of the International Energy Agency. “Global growth weakening continues to drive crude prices lower and oil inventories higher, and it will take better macroeconomic key figures and comforting signals from major central banks” to “reverse the negative sentiment,” said Jens Pedersen, an analyst at Danske Bank A/S in Copenhagen. “Oil producers are not close to storage limits yet […]