Crude oil futures traded lower in mid-morning trade in Asia Thursday as mixed supply-side signals from OPEC+ emerged. At 09:55 am Singapore time (0135 GMT), ICE Brent July crude futures fell 34 cents/b (0.98%) from Wednesday’s settle at $34.40/b, while the NYMEX July light sweet crude contract was 69 cents/b (2.10%) lower at $32.12/b. Uncertainty revolved around Russia’s recent comments on easing supply cuts in July, with focus turned towards the next OPEC+ meeting on June 8-10. “The market had been buoyed by Russia’s quick adherence to agreed quotas under the OPEC+ alliance, with the oil producer saying it had reduced output by 2 million b/d,” ANZ analysts said in a note Thursday. “However, yesterday it emerged that it was determined to ease back on output cuts in July. Even though this complies […]