Crude oil futures were higher in mid-morning trade in Asia July 15 as an improved global demand outlook and OPEC+ compliance data lifted sentiment ahead of a meeting at which the alliance is expected to taper production cuts. At 10:19 am Singapore time (0219 GMT), ICE Brent September crude futures were up 26 cents/b (0.61%) from the July 14 settle at $43.16/b, while the NYMEX August light sweet crude contract was 23 cents/b (0.57%) higher at $40.52/b. OPEC in a monthly report July 14 raised its forecast for 2020 oil demand by 130, 000 b/d to 90.7 million b/d from its June forecast due to slightly better-than-expected oil demand from the OECD in the second quarter, and said demand in 2021 was expected to rise further to 97.7 million b/d. Compliance with the […]