Crude oil futures ticked lower during the mid-morning trade in Asia March 18, after the Energy Information Administration showed a build in crude and product inventories, even as a free-falling US dollar provided some cushion to the market. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:40 am Singapore time (0240 GMT), the ICE Brent May contract was down 38 cents/b (0.56%) from the March 17 settle at $67.62/b, while the April NYMEX light sweet crude contract was down 37 cents/b (0.57%) at $64.23/b. Against the backdrop of subdued refinery demand amid lingering storm outages, data from the EIA, released late March 17, showed a 2.4 million-barrel build in US crude inventories in the week ended March 12. The counter-seasonal build pushed inventories to 500.8 million barrels, nearly 7% above the five-year average, thereby opening the widest surplus since the […]