Crude oil futures edged lower in mid-morning trade in Asia July 22 after an unexpected build in US crude inventories derailed an overnight rally on COVID-19 vaccine hopes and a stimulus package agreement in Europe. At 10:19 am Singapore time (0219 GMT), ICE Brent September crude futures were down 26 cents/b (0.59%) from the July 21 settle at $44.06/b, while the new front-month NYMEX September light sweet crude contract was 27 cents/b (0.64%) lower at $41.65/b. Front-month September ICE Brent futures briefly touched a four-month high above $44.80/b during the US trading session as promising results from multiple COVID-19 vaccine trials and declining daily infection rates in the US and elsewhere renewed investor optimism. This was further supported by a unanimous agreement among the 27 European Union member states July 21 for an […]