Crude-oil futures extended gains in Asian trade Friday after financial markets received a shot in the arm from U.S. growth numbers that helped prices rally overnight. Oil prices had surged over 10% in the previous session, the largest one day percentage gain since March 2009 for Nymex crude and December 2008 for Brent crude. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $42.94 a barrel at 0307 GMT, up $0.38 in the Globex electronic session. October Brent crude on London’s ICE Futures exchange rose $0.17 to $47.73 a barrel. “In terms of percentage, 10% is indeed a spectacular increase for both WTI and Brent. However, in dollar terms, this increase amounted to only $4,” analyst Daniel Ang at Phillip Futures said. He said most of the price rally came from short-covering and bargain-hunting as oil market bears are […]