Crude-oil futures rose in Asian trading hours Monday helped by stronger manufacturing data from China, even as some analysts remained skeptical about the resilience of the country’s oil demand. On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at $103.26 a barrel at 0507 GMT, up $0.55 in the Globex electronic session. July Brent crude on London’s ICE Futures exchange rose $0.41 to $109.82 a barrel. Both oil benchmarks ended last month on a stronger note with Nymex WTI crude gaining around 3% in May, while Brent crude gained around 1.24%. This month, the oil market will be watching the scheduled meeting of the Organization of the Petroleum Exporting Countries and any potential changes to oil-production quotas by the cartel’s members. The gathering begins June 11 in Vienna. Over the weekend, data showed China’s official manufacturing Purchasing Managers’ Index rose to 50.8 in […]