Crude oil prices continued on their upward trajectory during mid-morning trade in Asia Nov. 11, as positive data from the American Petroleum Institute further buoyed markets still riding high from indications of OPEC+ intervention and reports of progress in the development of a COVID-19 vaccine. At 11.03 am Singapore time (0303 GMT), ICE Brent January crude futures were up 38 cents/b (0.87%) from the Nov. 10 settle to $43.99/b, while the NYMEX December light sweet crude contract was up 41 cents/b (0.99%) at $41.77/b. Oil prices had continued their impressive rally on Nov. 10, with both the Brent and WTI markers settling 2.85% and 3.30% higher on the day at $43.61/b and $41.62/b, respectively. The surge in oil futures this week is attributable to the easing of political uncertainty following a Biden win […]