Oil pared gains after surging the most since the attacks on Saudi Arabia following a surprise decline in US crude stockpiles.
Futures dropped 0.6% in New York after advancing 2.7% on Wednesday. American crude inventories shrank by 1.7 million barrels last week, compared with a forecast 3-million barrel gain in a Bloomberg survey. Gasoline supplies fell more than forecast and imports of foreign oil slid to the lowest in more than two decades, according to the Energy Information Administration.
Oil is still down more than 15% from an April peak as the prolonged trade dispute between Beijing and Washington dented global demand.
