Crude futures were rangebound during mid-morning trade in Asia Oct. 19, as fundamentals in the oil markets were stable. At 10.20 am Singapore time (0220 GMT), ICE Brent December crude futures were down 13 cent/b (0.3%) from the Oct. 16 settle to $42.880/b, while the NYMEX November light sweet crude contract was down 14 cents/b (0.34%) at $40.74/b. Both international crude markets had dipped 0.39% and 0.20% to settle at $42.92/b and $40.88/b, respectively, on Oct. 16, after the Energy Information Association’s Oct. 15 data showed that US crude exports had fallen to the lowest in 14 months in the week ended Oct. 9. Amid steady fundamentals, market analysts said that during the week ending Oct. 23, the crude oil price trajectory will be tethered to news flow concerning the coronavirus […]