as data released from the American Petroleum Institute showed a build in crude and product inventories, with the continued progression of the pandemic also weighing on the market. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:55 am Singapore time (0255 GMT), the ICE Brent February contract was down 12 cents/b (0.25%) from the Dec. 8 settle to $48.72/b, while the January NYMEX light sweet crude contract was down 11 cents/b (0.24%) at $45.49/b. Both markers were directionless on Dec. 8, with the ICE Brent February contract settling 0.10% higher and the January NYMEX light sweet crude contract settling 0.35% lower. This morning, however, bearish API data released on Dec. 8 prompted downward price action as it showed that US crude inventories increased 1.141 million barrels for the […]