Crude oil futures dipped during mid-morning trade in Asia Friday after uncertainty surrounding OPEC+ supply sparked off a sharp decline overnight Thursday, as the market look to Russia to approve the proposal for deeper production cuts. At 10:25 am Singapore time (0225 GMT), May ICE Brent crude futures were down 48 cents/b (0.96%) from Thursday’s settle at $49.51/b, while the NYMEX April light sweet crude contract was 40 cents/b (0.87%) lower at $45.50/b. ICE May Brent settled down $1.14/b at $49.99/b Thursday amid fears of a non-deal by OPEC+. This marked the lowest front-month Brent settle since July 24, 2017. OPEC on Thursday announced a plan to slash another 1 million b/d of its own crude oil production and to ask Russia and nine other non-OPEC countries to cut 500,000 b/d of their […]