Crude oil futures tumbled in mid-morning trade in Asia Thursday as signs of a further increase in supply emerged from OPEC producing countries. At 11:10 am Singapore time (0110 GMT), ICE Brent May crude futures were down $2/b (5.6%) from Wednesday’s settle at $33.79/b, while the NYMEX April light sweet crude contract was $1.84/b (5.6%) lower at $31.14/b. Analysts said that further selling emerged amid signs of more OPEC supply, following the collapse of the OPEC+ agreement last Friday. On Wednesday, Abu Dhabi National Oil Co, the UAE’s biggest producer, said that it is able to supply the market with over 4 million b/d of crude in April and is speeding up plans to boost capacity to 5 million b/d. Saudi Aramco also said that it plans to bring 12.3 million b/d into […]