Crude oil futures were trading lower in mid-morning trade in Asia on June 4 as uncertainty crept up on the market amid reports that OPEC+ talks were bogged down over quota compliance. At 10:24 am Singapore time, ICE Brent August crude futures was 47 cents/b (1.18%) lower from the settle on June 3 at $39.32/b, while the NYMEX July light sweet crude contract was 69 cents/b (2.1%) lower at $36.60/b. OPEC+ had floated the idea of moving forward the meeting to June 4, from its previously scheduled June 9-10, but no announcement has been made so far as compliance discussions continue. Saudi Arabia is insisting on firm commitments from other members to stick to their production quotas, according to multiple sources involved in the discussions, Platts reported previously. Those who have violated their […]