Crude oil futures slid during the mid-morning trade in Asia on possibility of a rapid resumption in oil flows as a grounded container ship blocking the Suez Canal was partially refloated, while data showing a build in US crude and product inventories also weighed on the sentiment. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:00 am Singapore time (0300 GMT), the ICE Brent May contract was down by 83 cents/b (1.29%) from the March 24 settle to $63.58/b, while the May NYMEX light sweet crude contract was down by 91 cents/b (1.49%) to $61.18/b. The prices were under pressure by reports that the Ever Given container ship, which had run aground in the southern end of the Suez Canal on March 23 and obstructed the oil supply chain in the process, has been partially refloated. “According to information from […]