Crude oil futures ticked lower during mid-morning trade in Asia Oct. 9, but maintained most of their overnight gains, as the market remained lifted by the exacerbating supply disruptions in the Gulf of Mexico and Norway, as well as reports that Saudi Arabia is reconsidering the relaxation of the OPEC+ quotas slated from 2021 onward. At 11.05 am Singapore time (0305 GMT), ICE Brent December crude futures were down 7 cents/b (0.16 %) from the Oct. 8 settle to $43.27/b, while the NYMEX November light sweet crude contract was down 10 cents/b (0.24%) at $41.09/b. Both international crude markets had surged 3.22% and 3.10% respectively to settle at $43.34/b and $41.19/b respectively on Oct. 8. The general uptrend in oil prices can be attributed to increasing volumes of crude production being brought offline […]