U.S. crude inventory declined by 7.6 million barrels: API OPEC, non-OPEC deal could boost price $15 a barrel: Venezuela Oil climbed to a three-month high in New York, approaching $50 a barrel, after weekly industry data indicated that U.S. crude stockpiles plunged last week. Futures rose as much as 1.6 percent in New York after slipping 0.3 percent Tuesday. Inventories dropped by 7.6 million barrels last week, the American Petroleum Institute was said to report. Energy Information Administration data Wednesday is forecast to show stockpiles increased. A deal between OPEC and non-members could trim output by 1.2 million barrels a day and boost prices by as much as $15 a barrel , according to Venezuela’s oil minister. Oil has advanced about 10 percent since the Organization of Petroleum Exporting Countries agreed last week to cut production for the first time in eight years. OPEC, which pumped at a record […]