Crude oil futures was stable during mid-morning trade in Asia Monday as market participants anticipated, as per media reports, that the US and China will sign phase 1 of the trade deal this week. At 10:48 am Singapore time (0248 GMT), the front-month March ICE Brent crude futures rose 2 cents/b (0.03%) from Friday’s settle at $65.00/b, while the NYMEX February light sweet crude contract was 6 cents/b (0.1%) higher at $59.10/b. “White House economic advisor, Larry Kudlow, said that everything is in place on the China trade deal … Sentiment has been generally positive as the market looks ahead to a period of stability on the trade front,” ANZ said in a report Monday. The deescalation of tensions between US and Iran had also helped stabilize oil prices as market participants waited for fresh cues. “US-Iran […]