Crude oil futures were higher during mid-morning trade in Asia Wednesday amid expectations of a fall in US crude stocks and as sentiment continued to be swayed by the likely impact of US sanctions on Iranian oil. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:30 am Singapore time (0230 GMT), ICE September Brent crude futures were up 46 cents/b (0.63%) from Tuesday’s settle at $73.90/b, while the NYMEX September light sweet crude contract was 26 cents/b (0.38%) higher at $68.78/b. US crude stocks were down 3.16 million barrels for the week ended June 2, according to reports citing American Petroleum Institute data released Tuesday. Analysts surveyed Monday by S&P Global Platts had expected a 2.6 million-barrel draw. More definitive numbers are due for release by the US Energy Information Administration later Wednesday. “Crude oil prices rose as investors become increasingly confident […]