Crude oil futures were lower during mid-afternoon trade Thursday on news of higher US crude inventories reported by the Energy Information Administration. Meanwhile, global economic concerns also kept a lid on prices, industry sources said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 2:19 pm Singapore time (0619 GMT), the June ICE Brent crude futures were down 28 cents/b (0.39%) from Wednesday’s settle at $71.45/b, while the NYMEX May light sweet crude contract fell 31 cents/b (0.48%) at $64.30/b. According to the EIA, the US commercial crude inventories saw a build of 7.03 million-barrel increase to 456.55 million barrels in the week ended April 5, exceeding analysts’ expectations of 2.8 million barrels build, a survey conducted by S&P Global Platts Monday showed. In its latest monthly report on Wednesday, OPEC estimates demand for its crude to average 30.30 million b/d in 2019, […]