Crude prices edged mildly lower at midday during European trade July 17, as market participants digested OPEC+’s supply boost announced earlier this week and awaited more clarity on the demand picture as several countries ease out of lockdowns.  At 1138 GMT, ICE Brent September crude futures were 34 cents lower than the previous settle at $43.03/b while the NYMEX light sweet August crude contract was down 21 cents at $40.54/b. OPEC+ confirmed at its key July 15 Joint Ministerial Monitoring Committee meeting that it would begin tapering production cuts by 2 million b/d over August to December. However, over-compensation by past laggards means that the actual taper is expected to be about 1.1 million b/d. The rolling back of the cut was unlikely to result in an immediate rise in crude throughput and oil products […]