SINGAPORE: Oil prices rebounded in Asian trade Thursday after steep declines overnight following the release of mixed energy stockpiles data from the United States. New York’’s main futures contract, light sweet crude for delivery in March, climbed 11 cents to 73.78 dollars a barrel. It dropped 1.04 dollars to 73.67 dollars in New York trade Wednesday, its lowest close since December 22. London’’s Brent North Sea crude for March delivery was up 14 cents to 72.38 dollars. Analysts said the closely watched weekly stockpiles report for the United States, the world’’s biggest energy consumer, depressed the market.
