Crude oil futures edged lower during mid-morning trade in Asia Jan. 14 as any bullishness due to a draw in US crude inventories was outweighed by indications of weak fundamentals in downstream oil markets and a stronger US dollar. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:38 am Singapore time (0238 GMT), the ICE Brent March contract was down 11 cents/b (0.20%) from the Jan. 13 settle at $55.95/b, while the February NYMEX light sweet crude contract was down 10 cents/b (0.19%) at $52.81/b. The markers had fallen 0.92% and 0.56% respectively Jan. 13. US commercial crude inventories fell 3.25 million barrels to 482.21 million barrels in the week ended Jan. 8, Energy Information Administration released Jan. 13 showed. Analysts surveyed by S&P Global Platts had been expecting a slightly larger 3.8 million-barrel draw. However the crude draw did […]