Crude-oil futures bounced back in Asian trading hours Thursday after dropping overnight, and were steady ahead of a weekly report that is expected to show higher U.S. oil supplies. On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at $102.96 a barrel at 0515 GMT, up $0.24 in the Globex electronic session. July Brent crude on London’s ICE Futures exchange rose $0.11 to $109.92 a barrel. Data late Wednesday from the American Petroleum Institute showed a 3.5-million-barrel rise in U.S. oil stockpiles for the week ended May 23. The more definitive stockpile data from the U.S. Energy Infomation Administration is due later Thursday and analysts expect inventories to have increased by 100,000 barrels last week. Oil stocks are bloated in the U.S. and China, which together will account for a fourth of the 2.4 million-barrrel-a-day seasonal rise in global refinery runs between May […]