Crude oil futures were slightly higher in mid-morning trade in Asia on Aug. 12 as American Petroleum Institute data released late Aug. 11 showed a larger-than-expected decline in US commercial crude inventories. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:15 am Singapore time (0215 GMT), the ICE Brent October crude futures was up 9 cents/b (0.20%) from the Aug. 11 settle at $44.59/b, while NYMEX September light sweet crude contract was up by 4 cents/b (0.10%) at $41.65/b. “API data is showing a larger-than-expected draw of 4.4 million barrels in US crude inventories, which should prop crude futures up,” Vandana Hari, Founder and CEO of oil consultancy firm, Vanda Insights told Platts on Aug. 12. “The 2.95 million barrels of decline in distillates that the API has reported is probably an even bigger surprise and would be […]