West Texas Intermediate crude rebounded amid speculation gasoline supplies dropped for a seventh week in the U.S., the world’s biggest oil consumer. Brent rose in London on renewed tensions between the West and Russia over Ukraine. Futures gained as much as 1 percent in New York, rising for the third time in four days. Gasoline inventories probably shrank by 1 million barrels last week, according to a Bloomberg News survey of analysts before Energy Information Administration data tomorrow. Russia called on Ukraine to halt all military preparations in the east “immediately” or risk civil war. “The market is starting to look forward to tomorrow’s U.S. oil inventory data, where gasoline stocks are expected to fall for a seventh week in a row,” Bjarne Schieldrop, chief commodities analyst at SEB AB in Oslo, said today in a report. “The geopolitical risk is increasing with increasing tension between Russia and Ukraine […]