Crude oil futures were lower during mid-morning trade in Asia Thursday amid a build reported in last week’s US crude inventory, while market participants were awaiting for the impact from the end of sanction waivers on Iran. At 10:40 am Singapore time (0240 GMT), the July ICE Brent crude oil futures were down 27 cents/b (0.37%) from Wednesday’s settle to $71.91/b, while the NYMEX June light sweet crude contract moved 19 cents/b (0.30%) lower to $63.41/b. According to US Energy Information Administration released Wednesday, commercial crude stocks in the US grew 9.93 million barrels to 470.57 million barrels during the week ended April 26, amid rising production and increased imports. The build was due in large part to strong production, which edged up 100,000 b/d to a fresh all-time high 12.3 million b/d last week, […]