Crude-oil futures got a reprieve Thursday, erasing overnight losses to rise 2% in Asian trade as stock markets across the region made solid gains. Oil prices were also supported by a decline in weekly U.S. oil inventories and some amount of bargain hunting after falling to more than six-year lows earlier this week. Investor sentiment was shored up after the Dow industrials rallied on Wednesday’s close, followed by a rebound in most Asian stock markets and commodities. The Shanghai Composite Index was last higher by around 2%. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $39.42 a barrel at 0415 GMT, up $0.82 in the Globex electronic session. October Brent crude on London’s ICE Futures exchange rose $1.00 to $44.14 a barrel. “Considering the volatility we have seen over the past few days, prices seem to be stabilizing at this level,” […]