By Eric Yep Crude-oil futures were slightly higher in Asian trading hours Wednesday but were unable to recover most of the losses from the previous trading session. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at $97.49 a barrel at 0513 GMT, up $0.11 in the Globex electronic session. September Brent crude on London’s ICE Futures exchange rose $0.20 to $104.81 a barrel. Nymex crude lost 91 cents per barrel in overnight trade and has been down for eight of the past 11 sessions, while Brent crude lost 80 cents overnight and has settled lower for four of the past five trading sessions. The U.S. oil benchmark was supported by expectations of another drop in weekly oil stockpiles. Late Tuesday, the American Petroleum Institute said its data indicated a 5.5-million-barrel draw in crude supplies in the week ended Aug. 1. The more […]