Crude oil futures ticked up during the mid-morning trade in Asia on Oct. 27 after oil producers in the US Gulf started shutting in production ahead of Hurricane Zeta, providing some relief to a market weighed down by the increase in barrels from Libya and the resurgent coronavirus pandemic. At 10:03 am Singapore time (0203 GMT), ICE Brent December crude futures were up 10 cents/b (0.25 %) from the Oct. 26 settle to $40.56/b, while the NYMEX December light sweet crude contract was up 10 cents/b (0.26%) at $38.66/b. Both markers had fallen 3.14% and 3.24% to settle at $40.46/b and $38.56/b, respectively, on Oct. 27. The uptick in oil prices comes after Oct. 26 data from the US Bureau of Safety and Environmental Enforcement showed that nearly 16%, or 293,656 b/d, of […]