According to a Platts report, crude oil futures fell during midmorning trade in Asia Feb. 24 after data from the American Petroleum Institute showed an unexpected build in US crude inventories, and as fears of an overbought market stemmed further buying activity.
- At 11:07 am Singapore time (0311 GMT), the ICE April Brent futures contract was down 43 cents/b (0.52%) from the Feb. 23 settle at $64.94/b while the NYMEX April light sweet crude contract fell 56 cents/b (0.91%) at $61.11/b.
- Data from...
https://mfame.guru/crude-oil-market-concern-heightens-as-price-fall-on-inventory-decline/