Crude oil prices stabilized on Wednesday as Asian stock markets caught a tailwind from a strong performance in the United States and Europe, although fuel markets remained generally dogged by oversupply. Asian shares extended a global rally on Wednesday, with markets in China stabilising and Japanese stocks posting their biggest one-day gain since the height of the global financial crisis in 2008, and traders said the more upbeat sentiment had flowed into oil markets. The Brent global crude benchmark was trading at $49.64 per barrel at 0654 GMT, up 12 cents from its last settlement after jumping 4 percent in the previous session. “Stabilisation in Chinese equity markets has… played an important role,” ABN Amro said on Wednesday, referring to firming Brent. In Japan, weekly crude and refined products statistics showed stable utilization rates and stock […]