Crude oil futures were lower during mid-morning trade in Asia Thursday after the release of data showing a build in US crude and product inventories and a rise in US crude production to a record high. At 10:10 am Singapore time (0210 GMT), ICE January Brent crude futures were down 17 cents/b (0.27%) from Wednesday’s settle at $63.89/b, while the front-month NYMEX January light sweet crude contract was 23 cents/b (0.4%) lower at $57.88/b. US crude inventories rose 1.57 million barrels to 451.95 million barrels in the week ended November 22, US Energy Information Administration data released late Wednesday showed. Analysts surveyed Monday by S&P Global Platts had been expecting a 600,000-barrel draw. “Crude oil price fell as US inventories rose more than expected,” ANZ analysts said in a note Thursday. The EIA data also reported a 100,000 b/d rise in US crude production in the week […]