Crude-oil futures fluctuated between gains and losses in Asian trading hours Wednesday after a sharp overnight drop that sent Nymex WTI below the $100 a barrel mark. On the New York Mercantile Exchange, light, sweet crude futures for delivery in May traded at $99.58 a barrel at 0519 GMT, down $0.16 in the Globex electronic session. May Brent crude on London’s ICE Futures exchange was unchanged at $105.62 a barrel. “The selloff in both markets is likely the unwinding of recent long positions associated with the situation in Crimea,” ANZ said. Late Tuesday, the American Petroleum Institute, a trade group, reported that U.S. crude-oil inventories unexpectedly fell by 5.8 million barrels for the week ended March 28. The more definitive oil inventory report from the U.S. Energy information Administration is due later today. U.S. oil stockpiles are expected to rise by 700,000 barrels last week, according […]