Crude oil futures were lower during mid-morning trade in Asia Wednesday amid a build reported in US crude inventory last week, while ongoing geopolitical tensions kept prices volatile. At 11:10 am Singapore time (0310 GMT), July ICE Brent crude futures were down 39 cents/b (0.54%) from Tuesday’s settle to $71.79/b, while the new front-month NYMEX July light sweet crude contract was 49 cents/b (0.78%) lower at $62.64/b. According to analyst reports quoting data released by the American Petroleum Institute out Tuesday, US crude inventory for the week ended May 17 increased by 2.4 million barrels. Analysts surveyed Monday by S&P Global Platts were looking for US crude stocks to have declined by 2 million barrels for the same period. “Crude oil futures fell over market jitters on a surprise build up in US crude oil […]