OilWTI Crude oil futures are rebounding. The American Petroleum Institute reported that the U.S. crude oil stockpiles dropped 1.71 million barrels for the week ending June 2, compared with an expected increase of 1.50 million barrels. Earlier today, official data showed that China's crude oil import rose 6.2% on year to 230 million metric tons in January to May. Later today, the U.S. Energy Information Administration will report official crude inventories for June 2, with an increase of 1.02 million barrels expected.