Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs by OPEC and non-OPEC members. As of 0740 GMT, brent futures were down 23 cents, or 0.4 percent, at $55.69, after settling down 0.2 percent in the previous session. U.S. West Texas Intermediate (WTI) crude fell 29 cents, or 0.6 percent, to $52.85 a barrel, after ending the previous session down 0.1 percent. “Oil is range-bound. If prices dip below $50 a barrel, OPEC will cut more; if it goes above $55 the U.S. will produce more,” said Jonathan Barratt, chief investment officer at Ayers Alliance in Sydney. U.S. crude stocks rose by 11.6 million barrels last week, more than […]