Crude oil futures were lower in mid-morning trade in Asia on Aug.19 after American Petroleum Institute data released late Aug.18 showed a surprisingly large build in gasoline inventories even as US commercial crude supplies fell for a consecutive fourth week. At 10:32 am Singapore time (0232 GMT), the ICE Brent October crude futures were down 27 cents/b (0.59%) from the Aug.18 settle at $45.19/b, while NYMEX September light sweet crude contract was down by 18 cents/b (0.42%) at $42.71/b. “API reported a big build in gasoline inventories, which has somewhat taken the edge off the bullish market sentiment,” Stephen Innes, chief global markets strategist at AxiCorp, said in a note Aug.19. “Summertime builds are never received well, but particularly towards the end of this summer as there is some concern the virus could […]