West Texas Intermediate rose for a second day as investors weighed an unexpected drop in U.S. crude inventories against the prospect of sustained production from OPEC. Brent gained in London . Futures climbed as much as 1.3 percent in New York . Crude stockpiles shrank by 3.69 million barrels last week, the Energy Information Administration reported yesterday. Supplies were forecast to expand by 1.75 million, according to a Bloomberg News survey of analysts. Iraq , the second-largest member of the Organization of Petroleum Exporting Countries, signed a deal with the Kurdish Regional Government that may add about 300,000 barrels a day to the global market. Oil fell 18 percent last month as OPEC maintained its output target to let low prices force U.S. production to slow from a three-decade high. Kuwait’s oil minister said the group is acting to preserve market share amid a global supply glut, after resisting […]