Simex Brent Firm

Brent crude futures in Asia rebounded in late trading on Wednesday, supported by the drawdown in American Petroleum Institute (API) distillates stocks and traders' perceptions that prices are edging towards the floor. March Brent on Simex traded seven cents higher at $15.10 per barrel after London prices closed at $15.03. April Brent on Simex traded at $15.30. (Reuters) (Re IPE Brent had settled 21 cents lower $15.23 for April. The weekly API data, released late on Tuesday, showed distillates stocks falling 5.48 million barrels in the week ended February 6 when traders had expected a fall of only two million.