Oil futures rebounded in Asian trade on Wednesday, buoyed by a less than expected build in crude oil stockpiles last week and a weakening dollar, but concern that a two-month rally was fading in an oversupplied market capped gains. A report by industry group the American Petroleum Institute late Tuesday said U.S. crude stocks likely rose last week by 2.6 million barrels to 534.4 million barrels, which would be a new record high for a seventh straight week, but less than analysts’ expectations of a 3.3 million barrel build. Brent futures LCOc1 climbed 49 cents to $39.63 a barrel as of 0712 GMT after settling down $1.13 in the previous session. U.S. crude CLc1 rose 61 cents to $38.89 a barrel after ending the previous session down $1.11. Oil prices […]