Crude oil futures were steady to marginally higher in mid-morning trade in Asia June 2 as traders looked toward a possible extension of output cuts by OPEC+ in an upcoming meeting. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 09:55 am Singapore time (0155 GMT), ICE Brent August crude futures were up 19 cents/b (0.50%) from June 1’s settle at $38.51/b, while the NYMEX July light sweet crude contract was 8 cents/b (0.23%) higher at $35.52/b. “Expectations of an extension of the current supply cuts by OPEC+ when they meet this week is keeping prices buoyed,” OCBC analysts said in a note Tuesday. “If OPEC+ can deliver on the reported extension, we expect Brent to possibly test $40/b,” the analysts added. US President Donald Trump and Russian President Vladimir Putin spoke June 1 about the importance of implementing the OPEC+ […]