Two OPEC nations may boost exports within weeks after conflict Nationwide U.S. crude stockpiles decline 559,000 barrels: EIA Oil held below $44 a barrel amid speculation the global crude glut will expand as OPEC members Libya and Nigeria prepare to boost exports within weeks. Futures fell as much as 0.6 percent in New York after losing 5.9 percent the previous two sessions. Libya’s state oil company on Wednesday lifted curbs on sales from three ports, potentially unlocking 300,000 barrels a day. Exxon Mobil Corp. was said to be ready to resume shipments of Nigeria’s biggest export grade. U.S. government data showed crude stockpiles fell 559,000 barrels last week, compared with a forecast gain in a Bloomberg survey. Oil has fluctuated since rallying in August amid speculation the Organization of Petroleum Exporting Countries and Russia would agree on measures to stabilize the market. The glut will last into 2017, longer […]