Crude oil futures strengthened during mid-morning trade in Asia Feb. 15 as the demand outlook brightened on hopes that the coronavirus pandemic is abating and on expectations of an upcoming stimulus package from the US. The gains are also buoyed by the tightness in supply from OPEC+ production cuts and supplemented by disrupted production in the US. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:52 am Singapore time (0252 GMT), the ICE Brent April contract was up by $1.26/b (2.01%) from the Feb. 12 settle to $63.68/b, while the March NYMEX light sweet crude contract was up $1.26/b (2.11%) to $60.73/b. The progress made in combating the coronavirus pandemic globally contributed to the strong outlook for economic recovery across the broader financial markets, including oil. “More countries and regions are easing lockdown measures with vaccine rollouts helping to […]