Crude-oil futures were rangebound in Asian trade Thursday with Chinese markets closed for the remainder of the week and after global market sentiment stabilized in the previous session. There was some downward pressure on oil prices from a larger-than-forecast increase in weekly U.S. oil inventories and a strong U.S. dollar, but steadier global markets appeared to have stemmed losses for the time being. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $46.00 a barrel at 0331 GMT, down $0.25 in the Globex electronic session. October Brent crude on London’s ICE Futures exchange fell $0.18 to $50.32 a barrel. Most Asian markets were higher on Thursday following a rally in U.S. stocks overnight. Markets in China and Hong Kong were however closed Thursday for a national holiday. The greenback is broadly stronger ahead Friday’s U.S. non-farm payrolls report on expectations that the […]