Crude oil futures were higher during mid-morning trade in Asia Monday as confidence seeped back into the oil markets following signs of progress over the US-China trade negotiations and continued tight supply fundamentals. At 11:28 am Singapore time (0328 GMT), the new front month front-month crude futures were up 53 cents/b (0.8%) from last Friday’s settle at $68.11/b, while the NYMEX May light sweet crude contract was 36 cents/b (0.60%) higher at $60.50/b. “Asian markets may trade with a fresh note of optimism to start the week, especially with the stabilization in global risk sentiments towards the end of last week,” OCBC analysts said in a note Monday. Renewed optimism over US-China trade talks lifted sentiment and mollified some demand growth concerns in the market after US Treasury Secretary Steven Mnuchin tweeted last […]