Crude oil rose during mid-morning trade in Asia Dec. 29 as the oil complex was buoyed by bullish sentiment across risk assets emanating from US President Donald Trump’s signing of the massive coronavirus relief and spending package, with a weaker dollar also lending market support. At 10:55 am Singapore time (0255 GMT), the ICE Brent February contract was up 21 cents/b (0.41%) from the Dec. 28 settle to $51.07/b, while the February NYMEX light sweet crude contract was up 24 cents/b (0.5%) at $47.86/b. Both markers had fallen by 0.84% and 1.26% on Dec. 28 to settle at $50.86/b and $47.62/b, respectively, as concerns over the spread of the highly infectious B.1.1.7 variant of the coronavirus had weighed on the market. In the Asian trading session, however, oil recouped the losses […]