Crude oil futures were rangebound in mid-morning trade in Asia April 7 as a build in US gasoline stocks countered a stronger macroeconomic outlook in two closely-watched reports released late April 6. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:27 am Singapore time (0327 GMT), the ICE Brent June contract was up 9 cents/b (0.14%) from the April 6 settle at $62.83/b, while the May NYMEX light sweet crude contract was 7 cents/b (0.12%) higher at $59.40/b. US gasoline inventories rose by 4.5 million barrels in the week ended April 2, American Petroleum Institute data released late April 6 showed, higher than analyst expectations. “The oil market has trouble finding its feet, let alone an equilibrium, as the apparent buyers’ strike continues after the API reported an unexpected hefty build in gasoline inventories,” Axi chief global markets strategist Stephen […]