Crude inventories decrease 8.67 million barrels last week: API Libyan output advances to highest level since October 2014 Oil rebounded from the lowest close in more than two weeks after industry data showed U.S. crude stockpiles extended declines, easing an inventory overhang. Futures advanced as much as 1.2 percent in New York after losing 3 percent the previous two sessions. U.S. inventories fell by 8.67 million barrels last week, the American Petroleum Institute was said to report. Government data Thursday is forecast to show a slide of 3 million barrels, the eighth straight drop. Output from Libya , exempt from OPEC’s deal to reduce supply, rose to the highest since October 2014 as production from its biggest field increased. Oil slid below $50 a barrel last week after the agreement by the Organization of Petroleum Exporting Countries and its allies to prolong supply cuts for nine months disappointed some […]