Oil was virtually unchanged as gains driven by diminishing crude inventories were tugged lower after Federal Reserve officials suggested they expect two interest rate increases by the end of 2023. Futures in New York rose three cents on Wednesday. Equities fell and the dollar surged, reducing the appeal of commodities priced in the currency. Earlier, oil rose as much as 1.2% after a U.S. government report showed domestic crude supplies tumbled last week and inventories at the nation’s biggest supply hub in Oklahoma dropped to the lowest since March 2020. “If you’re holding oil, you’re going to be cautious that we could see a dip here,” said Ed Moya, senior market analyst at Oanda Corp. Brent futures traded in London are approaching the key psychological level of $75 as leading economies continue […]