U.S. winter demand and global supply issues continued to keep crude-oil futures elevated with both Nymex and Brent crude trading within a tight price range in Asia Tuesday. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at $100.72 a barrel at 0529 GMT, up $0.42 in the Globex electronic session. April Brent crude on London’s ICE Futures exchange fell $0.13 to $109.05 a barrel. U.S. markets were closed for the Presidents Day holiday on Monday with no floor trading for oil. Markets are set to reopen later Tuesday and the weekly oil inventory report from the American Petroleum Institute has been postponed by a day to Wednesday. The Energy Information Administration’s weekly petroleum report is now due on Thursday. Strong winter-driven fuel demand in the U.S. has resulted in distillate stocks dropping well below five-year average levels, and the […]