Crude oil futures were lower Tuesday during mid-morning Asia trade amid an expected build in US crude inventories and concern about the strength of the US economy. At 10:30 am Singapore time (0230 GMT), June ICE Brent crude futures moved 23 cents/b (0.32%) lower from Monday’s settle to $70.95/b, while the NYMEX May light sweet crude contract moved 11 cents/b (0.17%) lower at $63.29/b. According to analysts surveyed Monday by S&P Global Platts, commercial crude inventories in the US for the week ended April 12 likely added 1.8 million barrels. Historically weak refinery utilization likely contributed to the expected stock increase, analysts said. Refinery runs are expected to average 0.9 percentage point last week at 88.4% of total capacity. Refined product stocks likely dipped last week, analysts said, with gasoline inventories expected 2.5 million barrels […]