West Texas Intermediate rose from the lowest price since May as crude stockpiles shrank in the U.S. Brent recovered from a three-month low as China ’s economic growth exceeded forecasts. Futures rose as much as 0.7 percent in New York . U.S. crude inventories probably fell by 2.75 million barrels last week, a Bloomberg News survey shows before government data today. Supplies at the storage hub in Cushing, Oklahoma , dropped by 944,000 barrels, the American Petroleum Institute was said to have reported yesterday. China’s gross domestic product expanded by 7.5 percent in the second quarter from a year ago, according to the statistics bureau in Beijing. “WTI is being supported by the stockpile draw-down of nearly 1 million barrels at Cushing reported by the API yesterday,” said Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd. in London. “The Chinese economic data for June was supportive, with […]