Crude oil futures were rangebound during the mid-morning trade in Asia Jan. 12 as analyst expected profit-taking activities to put some pressure on a recent price rally, with any significant price falls being tempered out by an OPEC+ backstop and expectations of further stimulus measures. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:36 am Singapore time (0236 GMT), the ICE Brent March contract was down 3 cents/b (0.05%) from the Jan. 11 settle to $55.63/b, while the February NYMEX light sweet crude contract was flat at $52.25/b. The Brent market had fallen 0.59% to settle at $55.66/b on Jan. 11, while the light sweet crude marker had stayed rangebound, rising 0.02%. Market analysts said that a dip in prices could be expected going forward, as the meteoric rise in prices seen in the week ended Jan. 8 may prompt […]