Crude oil futures were rangebound in mid-morning trade in Asia April 7 as a build in US gasoline stocks countered a stronger macroeconomic outlook in two closely-watched reports released late April 6, reports Platts.
Lack of equilibriumAt 11:27 am Singapore time (0327 GMT), the ICE Brent June contract was up 9 cents/b (0.14%) from the April 6 settle at $62.83/b, while the May NYMEX light sweet crude contract was 7 cents/b (0.12%) higher at $59.40/b.
US gasoline inventories rose by 4.5 million...
https://mfame.guru/us-gasoline-build-curbs-crude-futures-amid-bullish-economy/