Crude oil futures fell during the mid-morning trade in Asia March 10 as bullishness over OPEC+ rolling over production quotas faded and the American Petroleum Institute reported a large build in US crude stocks. At 11:23 am Singapore time (0323 GMT), the ICE Brent May contract was down by 37 cents/b (0.55%) from the March 9 settle at $67.15/b, while the April NYMEX light sweet crude contract was 25 cents/b (0.39%) lower at $63.76/b. The markers have fallen 2.65% and 3.15%, respectively to date this week as crude oil markets try to find balance after the OPEC+ coalition’s surprise decision last week to keep its production steady in April sent prices surging. “The declines in oil benchmarks this week indicate that the optimism following last week’s OPEC+ surprise had been overstretched and the […]