Futures lost as much as 1.5 percent in New York. Inventories probably rose 2.9 million barrels last week, according to a Bloomberg survey before a government report later Thursday. Global equities and industrial metals also dropped after an upbeat U.S. growth outlook fueled the possibility of interest-rate hikes. U.S. crude inventories rose by 1.84 million barrels in the week through Feb. 9, data from the Energy Information Administration show. While analysts surveyed by Bloomberg expect a further increase in this week’s numbers, the American Petroleum Institute was said to report a decline of 907,000 barrels. Click Read More below for additional information.

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American Dollar to Canadian Dollar = 0.750588; American Dollar to Chinese Yuan = 0.140293; American Dollar to Euro = 1.077903; American Dollar to Japanese Yen = 0.007174; American Dollar to Mexican Peso = 0.057534.