Crude-oil futures edged up in Asian trading hours on Monday as investors considered bullish weekly U.S. oil inventory data and developments in Libya and South Sudan. On the New York Mercantile Exchange light, sweet crude futures for delivery in February traded at $100.31 a barrel at 0559 GMT–down $0.01 in the Globex electronic session. February Brent crude on London’s ICE Futures exchange rose $0.22 to $112.40 a barrel. On Friday weekly U.S. Energy Information Administration data showed a sharper-than-expected drop in crude-oil stocks in the week ended Dec. 20 and smaller stocks of important transportation fuels–which was bullish for oil prices. U.S. oil stocks fell by 4.7 million barrels to 367.6 million barrels–more than twice the 2.2-million-barrel decline expected by market participants, EIA data showed. “Crude stocks fell on the back of higher crude runs. In addition refiners on the Gulf Coast delayed imports and minimized supplies to reduce […]