Oil fell a fifth day, heading for the longest run of declines since February, as U.S. industry data showed crude stockpiles expanded, exacerbating an oversupply. Futures fell as much as 1.9 percent in New York after dropping 5.4 percent the previous four sessions. Inventories rose 1.16 million barrels last week, the American Petroleum Institute was said to report. Nigerian militants, whose attacks on oil infrastructure have cut the country’s output to its lowest level in 27 years, said they are considering peace talks for the first time. Oil’s 80 percent rally from a 12-year low in February is faltering on speculation that higher prices will encourage more output and swell stockpiles. U.S. producers boosted the number of drilling rigs for a second week and active machines in Canada rose to the highest since March, data from Baker Hughes Inc. and the Canada Association of Oilwell Drilling Contractors showed. “The […]