Crude oil futures were steady during mid-morning Asian trade Oct 13, maintaining overnight losses, as production capacity in the US Gulf of Mexico started to come back online, heightening concerns of a supply glut amid an unimproved demand outlook. At 10.25 am Singapore time (0225 GMT) ICE Brent December crude futures were up 1 cent/b (0.02 %) from the Oct. 12 settle to $41.74/b, while the NYMEX November light sweet crude contract was up 2 cents/b (0.05%) at $39.45/b. Both international crude markets had dived 2.64% and 2.88% to settle at $41.72/b and $39.43/b, respectively, on Oct. 12, after supply disruptions caused by a Norwegian labor strike and a hurricane in the US Gulf of Mexico were resolved. In the US Gulf of Mexico, after the dissipation of Hurricane Delta, oil and gas […]