Crude oil futures ticked lower during mid-morning in Asia April 15 on profit-taking, after a bullish report from the US’ Energy Information Administration sent prices hurtling nearly 5% higher overnight, while an improved demand forecast from the International Energy Agency provided a further boost to sentiment. At 10:43 am Singapore time (0243 GMT), the ICE Brent June slipped 3 cents/b (0.04%) lower than the April 13 settle at $66.55/b, while the May NYMEX light sweet crude contract was down 10 cents/b (0.16%) at $63.05/b. Prices ticked lower this morning as investors locked in profits after a meteoric rally overnight, which propelled the Brent and NYMEX light sweet crude markers to settle 4.57% and 4.94% higher at $66.58/b and $63.15/b, respectively. The sharp rise was driven by better-than-expected headline numbers from the April 14 […]