Crude-oil futures traded lower in Asian hours Friday as strong supply fundamentals capped any major gains on account of the U.S. Federal Reserve’s endorsement of economic recovery through its tapering. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at $98.77 a barrel at 0734 GMT, down $0.27 in the Globex electronic session. February Brent crude on London’s ICE Futures exchange fell $0.28 to $110.01 a barrel. “The stance of U.S. monetary policy is well down the list of key drivers for the prices of most commodities,” Julian Jessop, head of commodities research at Capital Economics, said in a note. He said commodity prices decoupled from other financial markets at least two years ago and supply has been the key driver of prices for most commodities, including oil, which should be pressured by ample supply in 2014. Oil markets are […]