West Texas Intermediate declined for a third day after U.S. crude inventories increased while tension in Ukraine continued to ease. Brent was little changed. Futures dropped as much as 0.6 percent in New York , extending a 1.8 percent loss yesterday, the most in two months. Crude stockpiles gained for a seventh week while supplies at Cushing in Oklahoma , the delivery point for WTI contracts, slid to the lowest level in two years with the opening of a new pipeline. U.S. and Russian ministers met yesterday in Paris to try and resolve the stand-off in Ukraine. “Crude has been falling since Monday as the geo-political risk drops off,” Thina Saltvedt, an analyst at Oslo-based Nordea Markets, said by phone. “The Ukraine risk premium has disappeared for now as we are at least getting dialogue between Russia and the West.” WTI for April delivery dropped as much as 59 […]