Oil rises as U.S., China swap concessions in trade war, inventories fall

TOKYO (Reuters) - Oil prices jumped on Thursday, bouncing back from heavy losses in the previous session, buoyed by moves to ease trade tensions between Washington and Beijing and a drop in U.S. crude inventories to the lowest in nearly a year.Brent crude futures rose 41 cents, or 0.7%, to $61.22 by 0051 GMT, while U.S. West Texas Intermediate (WTI) futures gained 40 cents, or 0.7%, at $56.16.The rise came after China moved to exempt some U.S. anti-cancer drugs and other goods from tariffs,..