Crude oil futures fell more than 50 cents/b in mid-morning trade in Asia Friday as risk-off sentiment heightened on US trade policy and its stance on Iran sanctions. At 10:30 am Singapore time (0230 GMT), ICE Brent July futures were down 66 cents/b from Thursday’s settle at $66.21/b while the NYMEX July light sweet crude futures contract was 54 cents/b lower at $56.05/b. Oil markets were likely to remain jittery until more clarity emerges over the US’ stance on Iran, China and other countries it has testy relations with, analysts said. A senior US State Department official was quoted by the Wall Street Journal late Thursday as saying that buyers of Iranian crude that had not hit their limits could continue to import crude until those caps were reached. The report was initially perceived […]