Crude oil futures were rangebound in mid-morning trade in Asia July 21, as hopes of a potential vaccine for coronavirus helped offset concerns about the rising pandemic cases globally. At 10:27 am Singapore time (0227 GMT), ICE Brent September crude futures were up 7 cents/b (0.16%) from the July 20 settle at $43.35/b, while the NYMEX August light sweet crude contract was up by 6 cents/b (0.15%) at $40.87/b. “US and global crude oil prices edged higher on Monday, 20th July, as the optimism from the stock markets also rubbed off on investor’s appetite for crude, although the gains were limited as there was still caution on how much more recovery in oil demand there will be from COVID-19,” UOB analysts said in a note July 21. Investors’ optimism largely stemmed from promising […]