Crude-oil futures were choppy in Asian trade Thursday as markets weighed South Korea’s surprise interest-rate cut and pressure from rising U.S. oil supply levels. On the New York Mercantile Exchange, light, sweet crude futures for delivery in April traded at $48.33 a barrel at 0556 GMT, up $0.16 in the Globex electronic session. April Brent crude on London’s ICE Futures exchange rose $0.56 to $58.10 a barrel. Oil prices had diverged in the previous trading session, with Brent posting gains on the back of a technical correction and ahead of the expiry of the April contract, according to Citi Futures. Market sentiment also received a boost after the Bank of Korea’s surprise rate cut early Thursday, in line with other central banks that have taken similar measures to boost growth. U.S. crude-oil inventories rose by 4.5 million barrels to 448.9 million barrels in the week ended […]