Crude-oil futures extended overnight losses in Asian trade Thursday on bearish U.S. inventory data that sent the U.S. oil benchmark below the $100 a barrel mark. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at $99.67 a barrel at 0430 GMT, down $0.60 in the Globex electronic session. September Brent crude on London’s ICE Futures exchange fell $0.22 to $106.29 a barrel. Overnight, Nymex lost 70 cents a barrel and Brent lost $1.21 a barrel. U.S. oil stockpiles fell by 3.7 million barrels in the week ended July 25, compared to market estimates of a 1.8 million-barrel decline, the U.S. Energy Information Administration said Wednesday. U.S. refineries continue to operate at peak summer levels, but poor U.S. refining margins especially on the Gulf coast may soon lead to run cuts or early maintenance by end-August, Societe Generale said. Lower […]