Crude oil futures were mixed during mid-morning trade in Asia Monday amid diverging indications on demand and supply fundamentals in the market, analysts said.At 11:00 am Singapore time (0300 GMT), July ICE Brent crude futures were at $68.74/b, up 5 cents/b (0.07%) from Friday’s settle, while the NYMEX July light sweet crude contract moved down 20 cents/b (0.34%) to $58.43/b. While the US sanctions on Iran and Venezuela coupled with OPEC-producing cuts exerted supply-side pressure on prices, ongoing trade tensions between the US and China created demand and economic growth-related concerns, analysts said. “Crude oil prices were under pressure all week as trade tension between the US and China escalated, ” ANZ analysts said in a note Monday. “Investors were spooked by the US move to ban Huawei in the US, viewing it […]