Singapore — 0300 GMT: Crude oil futures fell in mid-morning trade in Asia April 8 as a build in US gasoline stocks and a resurgence of COVID-19 in several countries raised concerns over demand.

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At 11 am Singapore time (0300 GMT), the ICE Brent June contract was down 33 cents/b (0.52%) from the April 7 settle at $62.83/b, while the May NYMEX light sweet crude contract fell 37 cents/b (0.62%) to $59.40/b.

According to the US Energy Information Administration, the US’ gasoline stocks increased by 4 million barrels in the week ended April 2, which exceeded analysts’ expectations

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