Crude oil futures were stable during mid-morning trade in Asia Tuesday, as market participants mostly stayed on the sidelines eying fresh cues amid the re-emergence of US-China trade tensions. At 10:19 am Singapore time (0219 GMT), July ICE Brent crude futures dipped 11 cents/b (0.15%) from Monday’s settle to $71.13/b, while the NYMEX June light sweet crude contract gained 2 cents/b (0.03%) to $62.27/b. “Both Brent crude and WTI staged a comeback [Monday] night, thanks to the US Department of Defense, which announced it was deploying a carrier strike group to the Middle East to warn Iran against attempting any mischief,” Jeffrey Halley, senior market analyst at OANDA said. “With headlines and not fundamentals driving oil volatility at the moment, Asia traders will likely prefer to watch from the sidelines as events play out on […]