West Texas Intermediate rose before a government report that may show crude inventories declined for a second week in the U.S., the world’s biggest oil consumer. Futures gained as much as 0.5 percent in New York , rebounding from the first drop in seven days yesterday. U.S. crude stockpiles probably shrank by 3 million barrels last week, according to a Bloomberg News survey before a report from the Energy Information Administration tomorrow. Members of Libya ’s Al Magharba tribe in the country’s east will meet today to discuss the reopening of closed oil export terminals, according to its head, Saleh Al Etweish. “We’re getting good figures from the U.S., which would suggest that perhaps the long-awaited revival in demand may be on its way,” said David Lennox , a resource analyst at Fat Prophets in Sydney. “The EIA numbers will be carefully watched because we’ve seen the markets react […]