¬†Crude oil futures were trading higher in mid-morning trade in Asia June 26 after positive US economic data buoyed market sentiment about an improved demand outlook, despite fresh outbreaks of COVID-19.¬† At 10:15 am Singapore time (0215 GMT), ICE Brent August crude futures were up 51 cents/b (1.24%) from the June 25 settle at $41.56/b, while the NYMEX August light sweet crude contract was 45 cents/b (1.16%) higher at $39.17/b. A US Census Bureau report published June 25 showed that US durable goods orders jumped 15.8% in May, exceeding market expectations. Durable goods orders had contracted by more than 18% in April. Meanwhile first time US unemployment filings fell to 1.48 million in the week ended June 20, the US Labor Department said, down from 1.51 million the week before. While US initial […]