Crude oil futures ticked up during the Asian mid-morning trade Jan. 8, but a rally driven by Saudi Arabia’s decision to cut output by 1 million b/d and the Democrats seizing control of the US Senate started to cool as pandemic concerns reasserted themselves. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:42 am Singapore time (0242 GMT), the ICE Brent March contract was up 29 cents/b (0.53%) from the Jan. 7 settle to $54.67/b, while the February NYMEX light sweet crude contract was up 32 cents/b (0.63%) at $51.14/b. Both markers had risen by 0.15% and 0.40% on Jan. 7 to settle at $54.38/b and $50.83/b, respectively. Crude oil prices have been supported by a confluence of positive developments this week, which have continued to contribute to bullish sentiment early Jan. 8. The most significant of these was Saudi […]