Crude-oil futures extended losses in Asian hours Friday due to an uncertain demand outlook that has kept oil prices choppy throughout the trading week. On the New York Mercantile Exchange, light, sweet crude futures for delivery in April traded at $101.99 a barrel at 0624 GMT, down $0.41 in the Globex electronic session. April Brent crude on London’s ICE Futures exchange fell $0.21 to $108.75 a barrel. Both Nymex WTI and Brent crude fell overnight and have settled lower for two of the past three sessions, after a strong rally last week. The easing of strong winter demand in the U.S., warmer temperatures in Europe and worries over China’s sustained economic growth are together weighing on crude-oil prices. “It’s also probably worth bearing in mind that the global supply/demand balance typically swings to a surplus for the second quarter, when global demand is at its weakest for the year,” […]