Crude oil futures rose in the mid-morning trade in Asia Jan. 20, as stimulus expectations continued to provide a tailwind to the oil market, even as fresh coronavirus outbreak in Asia threatened to derail crude’s demand recovery. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:06 am Singapore time (0306 GMT), the ICE Brent March contract was up 42 cents/b (0.75%) from the Jan. 19 settle to $56.32/b, while the February NYMEX light sweet crude contract was up 38 cents/b (0.72%) to $53.36/b. The Brent marker had jumped 2.10% on Jan. 19 to settle at $55.90/b, with the NYMEX light sweet crude marker also rising 1.18% to $52.98/b. The upward trajectory in the market comes after US Treasury Secretary nominee Janet Yellen, in her Senate confirmation meeting on Jan. 19, underscored the need to “act big” on the next coronavirus […]