Singapore — 0252 GMT: Crude oil futures were lower during the mid-morning trade in Asia May 14 as the market remained spooked by inflation and the progress of the pandemic in India, with the restart of the Colonial pipeline providing further headwinds for prices. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:52 am Singapore time (0252 GMT), the ICE Brent July contract was down 34 cents/b (0.51%) from the May 13 settle at $66.71/b, while the June NYMEX light sweet crude contract was down 28 cents/b (0.44%) at $65.41/b. The continuing retreat came after the two markets plunged 3.27% and 3.42%, respectively on May 13.