Crude oil futures in consolidation mode as investors weigh bearish EIA report

Crude oil futures were in consolidation mode in mid-morning Asian trade July 14 as investors digested bearish US inventory and demand data released overnight as well as a report showing that US inflation was still running hot. At 10:10 am Singapore time (0210 GMT), the ICE September Brent futures contract was down 1 cent/b (0.01%) from the previous close at…