Oil rose as the dollar weakened and before U.S. government data forecast to show crude stockpiles expanded for a seventh week. Futures climbed as much as 1.5 percent in New York, rising for the first time in five sessions. The Bloomberg Dollar Spot Index held the biggest loss in more than a week after Federal Reserve Chair Janet Yellen reasserted the central bank’s gradual approach to raising interest rates. U.S. crude inventories probably increased by 3.1 million barrels last week, according to a Bloomberg survey, keeping supplies at the most in eight decades. “Yellen’s dovish comments and the weakness in the U.S. dollar have led to a gain in the oil price,” Angus Nicholson, an analyst at IG Ltd. in Melbourne, said by phone. “There isn’t a strong reason to see oil above $40 at the moment because we haven’t seen the required supply-demand rebalancing to sustain prices at […]