NEW YORK (Reuters) – U.S. crude hit a near two-week high in a choppy session on Tuesday amid inventory declines at a key storage hub and on expectations that top producers could extend cooperation beyond 2018, while Brent fell under pressure from a stronger dollar. The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producers, including Russia, will discuss extending their cooperation for many more years when they meet in June as they seek to avoid major market shocks, United Arab Emirates’ energy minister and OPEC President Suhail al-Mazroui told Reuters. Data from market intelligence firm Genscape showed that inventories at Cushing, Oklahoma, the delivery point for U.S. crude futures, fell 2.1 million barrels in the week to Feb. 16, according to traders who saw the data. The combination of a new pipeline running from the hub to Memphis, along with reduced flows from TransCanada’s Keystone pipeline, […]