Oil futures fell from the highest close in 17 months as an industry report was said to show U.S. crude stockpiles climbed last week. Futures retreated 45 cents from the close after the American Petroleum Institute said late Tuesday that nationwide crude inventories rose 4.2 million barrels last week, according to a person familiar with the data. Analysts surveyed by Bloomberg project a government report Thursday will show a supply decline. West Texas Intermediate oil settled higher for an eighth straight session, capping the longest stretch of gains in seven years as optimism mounts that major producers will make good on output-cut pledges in January. “It looks like U.S. refineries sharply cut back on runs last week, which would explain the unexpected build in U.S. crude supplies and the fall in products,” Tim Evans, an energy analyst at Citi Futures Perspective […]