MW : Crude futures inch higher as Asian stocks rebound
Light, sweet crude-oil futures for September delivery were recently 27 cents higher at $72.69 a barrel on Globex, building on an overnight surge in New York. The front-month futures had risen as high as $72.78 a barrel earlier in the day.
The contract soared $3.23, or 4.7%, on the New York Mercantile Exchange Thursday, on an unexpected drop in inventories and higher U.S. equities.
