Oil holds gains on China rebound, even as U.S. crude stocks rise

Source: reuters.com reuters.com

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Companies U.S. Energy Information Administration Follow SINGAPORE, March 2 (Reuters) - Oil prices inched up in early Asian trade on Thursday, extending gains from the previous two sessions on signs of a strong economic rebound in China, the world's top oil importer, which offset worries about a rise in U.S. crude inventories. Brent crude futures rose 12 cents, or 0.1%, to $84.43 a barrel at 0231 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 7 cents, or 0.1%, at $77.76 a barrel. Both contracts rose about 1% in the previous session after data showed manufacturing activity in...