Crude-oil futures fell in Asian trade Tuesday, reversing gains made in the previous trading session, on uncertainty about the rebound in prices and weak Chinese inflation data. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March recently traded at $52.16 a barrel, down $0.70 in the Globex electronic session. Brent crude for March delivery on London’s ICE futures exchange fell $0.71 to $57.63 a barrel. Oil-market participants were assessing a range of mixed indicators about global oil-supply levels. On Monday, monthly reports from both the Organization of the Petroleum Exporting Countries and the International Energy Agency were bullish. OPEC reduced its non-OPEC supply growth estimates, while the IEA said that a price recovery seemed “inevitable” with the oil glut starting to ease as soon as the second half of the year. Oil prices have fallen more than 50% since June on surging output. Both […]