¬†Crude oil futures were lower in mid-morning trade in Asia Wednesday, retracting from the highest settle in a more than a month, on the back of a larger-than-expected build in US crude inventory data and concerns over the progress of US-China trade talks. At 10:30 am Singapore time (0230 GMT), ICE January Brent crude futures were down 34 cents/b (0.54%) from Tuesday’s settle at $62.62/b, while the NYMEX December light sweet crude contract was down 29 cents/b (0.51%) at $56.9/b. US crude stocks rose 4.3 million barrels in the week ended November 1, analysts quoting preliminary weekly data released by the American Petroleum Institute late Tuesday said. This was higher than expectations of a 2.7 million-barrel build by analysts surveyed by S&P Global Platts on Monday. The US Energy Information Administration will release more definitive numbers later Wednesday. Lingering concerns over the US-China trade deal also weighed […]