Crude oil futures were lower in mid-morning trade in Asia Dec. 2 following an unexpected build in US crude inventory and amid uncertainty around the outcome of OPEC talks on extending production cuts. At 9:52 am Singapore time (0152 GMT), February ICE Brent crude futures were down 36 cents/b (0.76%) from the Dec. 1 settle at $47.06/b, while the January NYMEX light sweet crude contract was down 37 cents/b (0.83%) at $44.18/b. The markers had fallen 0.96% and 1.74%, respectively, Dec. 1 amid uncertainty surrounding an extension of OPEC+ production quotas after the group delayed its meeting to Dec. 3. OPEC delegates had said the framework of a three-month extension favored by kingpin Saudi Arabia and several other members had been reached, but a deal has been held up by the UAE’s insistence […]