Crude-oil futures slipped in Asian trade Monday but remained strong after ending February on a solid note that helped oil markets snap a seven-month losing streak. Oil market observers are assessing U.S. supply and demand fundamentals, and a flurry of economic data from China over the weekend. On the New York Mercantile Exchange, light, sweet crude futures for delivery in April traded at $49.38 a barrel at 0413 GMT, down $0.38 in the Globex electronic session. Brent crude for April delivery on London’s ICE Futures exchange fell $0.37 to $62.21 a barrel. Gains in Brent crude outpaced Nymex crude last month, with Brent gaining 18% compared to U.S. oil prices that gained 3.2%, pressured by record-high inventory levels. While U.S. crude inventories are set to rise significantly, the market might be disappointed in its impact on current-month prices as high oil-storage levels have a stronger impact […]