Crude-oil futures edged higher in Asian trade Thursday with some support from a recent drop in U.S. oil stockpiles but market participants are unsure if the rebound will be sustained. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at $68.00 a barrel at 0457 GMT, up $0.62 in the Globex electronic session. January Brent crude on London’s ICE Futures exchange rose $0.57 to $70.49 a barrel. U.S. crude inventories for the week ended Nov. 28 fell by a surprise 3.7 million barrels, the U.S. Energy Information Administration data showed, while analysts surveyed by The Wall Street Journal had expected stocks to rise by 600,000 barrels. “While the crude draw may have given moderate support to WTI prices today, in the big picture, last week’s OPEC meeting is still more important,” Societe Generale said in a report. It said the […]