Crude-oil futures were slightly lower in Asian trading hours Thursday on bearish market sentiment as geopolitical tensions appeared to ease. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at $92.66 a barrel at 0450 GMT, down $0.14 in the Globex electronic session. November Brent crude on London’s ICE Futures exchange fell $0.21 to $96.74 a barrel. Brent crude prices continued to trade in a narrow range after the U.S. and its allies stepped up airstrikes in Syria, this time targeting mobile oil refineries controlled by Islamic State. Oil prices had surged in June when Islamic State militants made rapid progress in Iraq, but “this has stalled or more likely is on the cusp of being put into reverse with help from U.S. air strikes,” Ed Morse, head of commodities at Citi Research said in a quarterly report. He said […]