Crude-oil futures bounced back in Asian trading hours Tuesday ahead of initial U.S. oil inventory data and with fresh tensions in Ukraine. On the New York Mercantile Exchange light, sweet crude futures for delivery in May traded at $100.94 a barrel at 0407 GMT–up $0.50 in the Globex electronic session. May Brent crude on London’s ICE Futures exchange rose $0.27 to $106.09 a barrel. Initial U.S. oil stocks data from the American Petroleum Institute trade body and the U.S. Energy Information Administration’s short-term energy outlook are expected later Tuesday. Nymex WTI crude prices have been supported by a nine-week downtrend in oil inventories at the delivery point of Cushing, Okla. and traders expect a further drop of 1 million barrels in the week ended April 4, analyst Tim Evans at Citi Futures said in a note. However, total U.S. oil stocks have increased in 10 of the last 11 […]