Crude oil futures rose during Asian mid-morning trade April 1 after data from the US Energy Information Administration showed a draw in crude and gasoline inventories, with the market gleaning further support from expectations that OPEC+ will roll over its production quotas into May. At 10:50 am Singapore time (0250 GMT), the ICE Brent June contract was up 9 cents/b (0.14%) from the March 31 settle at $62.83/b, while the May NYMEX light sweet crude contract rose 34 cents/b (0.57%) to $59.50/b. The EIA data, released on March 30, showed that US commercial crude inventories had fallen 880,000 barrels in the week ended March 26 to 501.84 million barrels. The draw in inventories came as total net crude input climbed 3.8% to 14.94 million b/d, the highest since the week ended March 20, […]