Crude oil futures were lower in mid-morning Asian trade on April 14, as a two-day rally in oil prices lost steam after data showed US crude oil stocks last week posting the biggest build since March 2021. At 10:43 am Singapore time (0243 GMT), the ICE June Brent futures contract was down 70 cents/b (0.64%) from the previous close at $108.08/b, while the NYMEX May light sweet crude contract fell 85 cents/b (0.82%) at $103.40/b. US commercial crude stocks climbed 9.38 million barrels to 421.75 million barrels in the week ended April 8, US Energy Information Administration data showed April 13. It was the largest one-week build in US commercial inventories since the week ended March 5, 2021, when stocks jumped 13.8 million barrels. However, market reaction to the build was tempered by significant drawdowns in key refined […]