Crude-oil futures were lower in Asian trading hours Monday with the premium of Brent crude over Nymex WTI still under $4 a barrel after narrowing sharply last week. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at $92.97 a barrel at 0450 GMT, down $0.57 in the Globex electronic session. November Brent crude on London’s ICE Futures exchange fell $0.29 to $96.71 a barrel. Oil prices ended on a mixed note last week resulting in the Brent-WTI spread narrowing to $3.46 a barrel on Friday. Nymex WTI crude gained 2.06% last week and has been up for two consecutive weeks, while Brent crude lost 1.41% last week and has been down five of the past seven weeks. “We expect to see WTI-Brent spreads remain at this level provided PMI remains strong and U.S. stockpile data shows continued drops in […]