©2016 Bloomberg News O0TFPZ6TTDS1 (Bloomberg) — Oil extended declines from the lowest close in more than 12 years before U.S. government data forecast to show crude supplies expanded, exacerbating a global glut. Futures fell as much as 1 percent in New York after slipping 5.3 percent Monday. Stockpiles probably rose

An oil reserve of a potential 1.2 billon barrels has been discovered in Alaska’s North Slope in what the companies involved believe is the largest US onshore oil discovery in nearly three decades. Spanish oil company Repsol (REPYY) and Armstrong Energy announced the find On Thursday, saying their discovery is