Crude oil futures were largely stable during mid-morning trade in Asia Monday as markets looked ahead for indications of progress in US-China trade talks, while bearish supply-side indicators capped further gains. At 10:30 am Singapore time (0230 GMT), ICE Brent January crude futures had inched up 2 cents/b (0.03%) from Friday’s settle to $63.32/b, while the NYMEX December light sweet crude contract was 7 cents/b (0.12%) higher at $57.79/b. China’s Vice Premier Liu Hu spoke with US administrative officials over the weekend about a phase-one trade deal, according to media reports. “China’s state media indicated over the weekend that US and China had ‘constructive discussions’ between top negotiators from both sides, though the jarring lack of details remain the case,” said IG market strategist Pan Jingyi. This comes after White House Economic Adviser Larry Kudlow said late last week that the two countries were close to reaching […]