Crude oil futures dipped in mid-morning trade in Asia Wednesday amid reports of a surprise build in US stocks data, while focus remained on hopes of positive developments in US-China trade talks. At 10:20 am Singapore time (0220 GMT), ICE January Brent crude futures were down 22 cents/b (0.34%) from Tuesday’s settle at $64.05/b, while the front-month NYMEX January light sweet crude contract was 19 cents/b (0.33%) lower at $58.22/b. Analysts quoting data released by the American Petroleum Institute late Tuesday said US crude inventories rose 3.6 million barrels in the week ended November 22 This was in contrast to the 600,000-barrel draw expected by analysts surveyed Monday by S&P Global Platts. “The surprise crude build disappointed the oil bulls,” AxiTrader chief Asia market strategist Stephen Innes said in a note. More definitive data on last week’s US crude inventory is due for release by the US […]