Crude oil prices bounced back on Wednesday from steep falls in the previous session as industry data showed that U.S. crude stocks fell more than expected last week and strong Japanese economic growth surprised markets, stoking producer hopes of increased demand. Brent futures LCOc1 rose 79 cents to $64.81 a barrel by 0840 GMT. U.S. crude prices CLc1 rose 58 cents to $58.57 a barrel. The price rises came after a session on Tuesday that saw oil slide over 3 percent on a dollar rally and concerns of a building glut, which Goldman Sachs said would lead to a return towards 2015 lows. “The market came under a lot of pressure yesterday and it’s not unusual to see a bit of a correction the day after,” said Hans van Cleef, senior energy economist with Netherlands-based ABN Amro. U.S. crude inventories fell by 5.2 million barrels last week, said […]