West Texas Intermediate crude rebounded from the lowest price in two weeks before government data that may signal the strength of fuel consumption in the U.S., the world’s biggest oil user. Brent was steady in London . Futures gained 0.6 percent in New York . U.S. crude inventories probably shrank by 1.25 million barrels to 369.8 million, a Bloomberg News survey showed before Energy Information Administration data today. Supplies dropped by 4.4 million barrels nationwide and by 914,000 at the main storage hub in Cushing, Oklahoma , the American Petroleum Institute, an industry group in Washington , was said to have reported yesterday. “The API inventories report yesterday was fairly bullish for the market, after showing a large unexpected decline of 4.4 in crude oil stocks, offering upside momentum to the WTI contract,” Myrto Sokou, senior analyst at Sucden Financial Ltd. in London, said by e-mail. WTI for September […]