Futuresgained as much as 0.7 percent in New York after the American PetroleumInstitute said crude stockpiles shrank 7.8 million barrels last week. Agovernment report today is forecast to show supplies declined by 800,000barrels, according to a Bloomberg News survey of analysts.
OIL PRICE: Rebounds on U.S. supplies
West Texas Intermediate crude rose for the second time in three days as an industry report showed U.S. inventories dropped the most since December, Bloomberg News reported.