Crude oil futures rose during the mid-morning trade in Asia Nov. 25, extending overnight gains, as vaccine-related enthusiasm and easing political uncertainty in the US cushioned the impact of bearish data from the American Petroleum Institute. At 11:02 am Singapore time (0302 GMT), ICE Brent January crude futures were up 78 cents/b (1.63%) from the Nov. 24 settle to $48.64/b, while the NYMEX January light sweet crude contract was up 72 cent/b (1.60%) at $45.63/b. Both crude markers had risen 3.91% and 4.30% to settle at eight-month highs of $47.86/b and $44.91/b, respectively. The crude rally continued this morning despite bearish data from the API released Nov. 24, which showed that US crude inventories had risen 3.8 million barrels in the week ended Nov. 20. The API had earlier also reported a 4.174 […]