Crude oil futures were lower during mid-morning trade in Asia Aug. 4 as traders took profit after the overnight rally amid better-than-expected global economic data. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:07 am Singapore time (0307 GMT), the ICE Brent October crude futures were down 30 cents/b (0.68%) from the August 3 settle at $43.85/b, while NYMEX September light sweet crude contract was down by 27 cents/b (0.66%) at $40.74/b. In the US, IHS Markit July manufacturing PMI released on Aug. 3 stood at 50.9, an improvement from June’s 49.8, while the Institute of Supply Management’s manufacturing PMI rose to 54.2% in July, up from 52.6% in June, exceeding market expectations. “However, when it comes to manufacturing output, it continues to suggest it’s easier for the central bank and government stimulus to fire up the industrial […]