Crude futures fell during mid-morning Asian trade Oct. 16, extending overnight losses, as a decline in US exports and escalating coronavirus restrictions overshadowed the large draw in US crude inventories. At 10.45 am Singapore time (0245 GMT), ICE Brent December crude futures were down 30 cents/b (0.7%) from the Oct. 15 settle to $42.86/b, while the NYMEX November light sweet crude contract was down 26 cents/b (0.63%) at $40.70 /b. Both international crude markets had dipped 0.37% and 0.19% to settle at $43.16/b and $40.96/b, respectively, on Oct. 15. The drop in oil prices comes after the Energy Information Association released its latest data on Oct. 15, which showed that US crude exports had fallen to 2.135 million b/d in the week ended Oct.9, the lowest in 14 months. While part of the […]