Crude oil prices made ground during the European morning trading session on July 6, taking their cue from rising Asian indexes rather than from bad news about coronavirus in the US. As of 1059 GMT, ICE September Brent crude futures were up 50 cents from the close on July 3 at $43.30/b, while the NYMEX August light sweet crude contract was up 40 cents at $40.64/b. “Asian indices opened on a four-month high today, kicking off the week in…positive expectations over the hopes of the Chinese economic engine sustaining global growth, despite rising [coronavirus] cases in the US,” Mihir Kapadia, CEO of investment management firm Sun Global Investments, said in a note July 6. In the US, deaths from COVID-19 reached 129,576 on July 5, and the total number of infections reached […]