Nomura Middle East CEO: Oil Heading Toward $60 Oil resumed gains after the biggest drop in more than a week as industry data showed U.S. crude stockpiles declined, while OPEC and other producing nations trim production to ease a global glut. Futures rose as much as 1.4 percent in New York after sliding 2.7 percent on Wednesday amid a surge in the dollar. U.S. crude supplies fell by 5.04 million barrels last week, the American Petroleum Institute was said to report. Government data Thursday is also forecast to show a decline. U.S. production will increase this year as output cuts by OPEC and 11 other nations spur an industry revival, the International Energy Agency said in a monthly report. Oil has held above $50 a barrel since OPEC and nations including Russia agreed late last year to trim supply by about […]