Crude oil futures edged higher in mid-morning trade in Asia Tuesday amid signs of an easing supply glut, but lingering US-China geopolitical uncertainties over the virus outbreak capped gains. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:00 am Singapore time (0200 GMT), ICE Brent July crude futures rose 35 cents/b (0.99%) from Monday’s settle at $35.88/b, while the NYMEX July light sweet crude contract was 78 cents/b (2.35%) higher from Friday’s settle at $34.03/b. NYMEX crude did not trade Monday because of the Memorial Day holiday in the US. Recent US crude inventory drawdowns, decreasing oil rigs and slowing shale output helped calm supply glut worries. “On the supply side of the equation, the worst is behind us due to the high level of curtailment in the US shale output,” AxiCorp chief global markets strategist Stephen Innes said in […]