Crude oil futures were fairly stable late morning in Asia Oct. 29 as traders took advantage of an overnight plunge in prices, following a large build in US crude inventories, to carry out some bargain hunting. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:49 am Singapore time (0349 GMT), ICE Brent December crude futures were down 6 cents/b (0.15%) from the Oct. 28 settle to $39.06/b, while the NYMEX December light sweet crude contract was up 2 cents/b (0.05%) at $37.41/b. ICE Brent and NYMEX crude futures plummeted 5.05% and 5.51% to settle at $39.12/b and $37.39/b, respectively, Oct. 28, after US Energy Information Administration data showed a large increase in crude inventories, and Germany and France announced new restrictive measures that were expected to hit oil demand. Vandana Hari, CEO of Vanda Insights, attributed the stability in crude […]