Crude-oil futures bounced back in Asian trading hours Tuesday as investors monitored the U.S. oil supply situation and developments in the oil-producing regions of Iraq and Libya. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at $93.67 a barrel at 0654 GMT, up $0.24 in the Globex electronic session. February Brent crude on London’s ICE Futures exchange rose $0.55 to $107.28 a barrel. This week’s data on U.S. oil stockpiles will commence with the American Petroleum Institute’s weekly statistical bulletin later Tuesday. The more closely-watched inventory data from the U.S. Energy Information Administration is due on Wednesday. The EIA will also publish its short-term energy outlook today. An extreme cold wave in the U.S. has raised concerns about oil production in North America. The Schork Group said concerns about oil output from Canada and the Bakken formation have seen […]