Motor fuel inventories up 4.08 million barrels last week: API Crude output forecast to rise above 10 million barrels a day Oil declined as U.S. industry data showed gasoline stockpiles expanded at a time they typically fall, suggesting the crude surplus is turning into an overhang of refined fuels. Futures slid 0.6 percent in New York. The American Petroleum Institute was said to report late Tuesday that stockpiles of the motor fuel increased by 4.08 million barrels last week. Government data Wednesday is forecast to show supplies fell for a fifth week. Royal Dutch Shell Plc lifted restrictions on exports of a key Nigerian crude oil halted for more than a year, potentially undermining the efforts of other OPEC members to clear a glut. Oil has struggled to stay above $50 a barrel amid speculation that rising U.S. output will counter supply curbs by the Organization of Petroleum Exporting […]