¬†Crude oil futures fell in mid-morning trade in Asia on April 8 as a build in US gasoline stocks and a resurgence of COVID-19 in several countries raised concerns over demand.¬† At 11 am Singapore time (0300 GMT), the ICE Brent June contract was down 33 cents/b (0.52%) from the April 7 settle at $62.83/b, while the May NYMEX light sweet crude contract fell 37 cents/b (0.62%) to $59.40/b. According to the US Energy Information Administration, the US’ gasoline stocks increased by 4 million barrels in the week ended April 2, which exceeded analysts’ expectations and rekindled bearish sentiment in the market. “Gasoline inventories jumped 4 million barrels igniting fears that rising COVID-19 cases could further hinder the demand outlook. The expectations were for a draw in gasoline inventories given the assumption of improving […]