West Texas Intermediate rebounded after the biggest drop in a week amid speculation that crude supplies shrank for the first time in more than two months in the U.S., the world’s biggest oil consumer. Futures advanced as much as 0.6 percent in New York. U.S. crude stockpiles slid by 300,000 barrels in the week ended Nov. 22, the first decline in 10 weeks, according to a Bloomberg News survey before an Energy Information Administration report tomorrow. Oil prices fell yesterday after Iran and world powers reached an interim agreement to restrict the Persian Gulf nation’s nuclear program. “Demand is slowly starting to occur but there’s still a long way to go,” said Jonathan Barratt , the chief executive officer of Barratt’s Bulletin in Sydney who predicts investors may sell WTI contracts at about $95.50 a barrel. “The sell-off yesterday was a little bit overdone, and that’s why we saw […]