ct inventories from the American Petroleum Institute weighed down on prices. Receive daily email alerts, subscriber notes & personalize your experience. At 10:30 am Singapore time (0230 GMT), ICE March Brent crude futures were down 25 cents/b (0.45%) from Thursday’s settle at $55.7/b, while the NYMEX February light sweet crude contract was 12 cents/b (0.25%) lower at $46.97/b. According to analysts quoting data from the API released Thursday, US gasoline inventories for the week ended December 28 were up 8 million barrels while US distillate inventories were up 4 million barrels for the same period. “Traders this morning are contemplating on the API report which looks bearish for products,” said Benjamin Lu, investment analyst at Phillip Futures. Analysts surveyed Wednesday by S&P Global Platts were looking for US […]