West Texas Intermediate crude rebounded from the biggest drop in 22 months before U.S. inventory data that will signal the strength of fuel demand in the world’s largest oil consumer. Brent was steady in London. Futures rose as much as 0.5 percent in , partially retracing a 3.6 percent decline yesterday. probably expanded by 1.5 million barrels last week, while gasoline supplies shrank, a Bloomberg News survey showed before an Energy Information Administration report today. The worst is over for global oil prices, which will rise this quarter as cuts production and global demand increases, according to UBS AG and Barclays Plc. “We are at the bottom now for both Brent and WTI,” Jens Naervig Pedersen, a commodities analyst at Danske Bank A/S, said by phone from Copenhagen today. “We have seen OPEC voicing some concern about the falling oil price. It would mean they would consider lowering their […]