Crude oil futures were higher in mid-morning trade on Sept. 1 as a weaker dollar and robust Chinese economic data lifted the global crude complex despite the rising coronavirus case count in major economies weighing on market sentiment. At 10:13 am Singapore time (0213 GMT), the front-month ICE Brent November crude futures were up 39 cents/b (0.86%) from the Aug. 31 settle at $45.67/b, while the NYMEX October light sweet crude contract was 32 cents/b (0.75%) higher at $42.93/b. “There’s not much happening on the fundamentals front in the oil market, until the weekly US data comes back into focus,” Vandana Hari, founder and CEO of oil consultancy firm, Vanda Insights, told S&P Global Platts on Sept. 1. “The default position for crude appears to be responding to the dollar’s move, which continues […]