oil futures were marginally lower in Asian trade Thursday on some investor concerns that global oil oversupply hasn’t really been dented by slowing U.S. oil production. On the New York Mercantile Exchange, light, sweet crude futures for delivery in June traded at $60.21 a barrel at 0323 GMT, down $0.29 in the Globex electronic session. June Brent crude on London’s ICE Futures exchange fell $0.24 to $66.57 a barrel. Oil prices were under pressure despite U.S. crude stockpiles falling for the second consecutive week, declining by 2.2 million barrels in the week ended May 8, official data showed. “The market may be able to shrug off this weakness and run higher, but the failure to rally on bullish news calls into question whether crude oil remains a bull market,” analyst Tim Evans at Citi Futures said. Weekly U.S. gasoline and […]