Oil Gains on Forecast Stockpile Drop as Storm Builds in Gulf

Oil advanced from the lowest in more than a week in New York as a weather system in the Gulf of Mexico threatened supplies in the U.S., where production halts because of storms have already reduced crude stockpiles.

West Texas Intermediate climbed as much as 1.6 percent after the National Hurricane Center said a weather system over southwestern Gulf of Mexico may become a tropical cyclone. An Energy Department report tomorrow may show inventories declined