Crude oil futures were higher during mid-morning trade in Asia on April 27, as the market grew optimistic of a US-led global economic recovery, and rallied behind the OPEC+ Joint Technical Committee’s upward revision of its demand forecast. At 11:38 am Singapore time (0338 GMT), the ICE Brent June contract was up 38 cents/b (0.58%) from the April 26 settle at $66.03/b, while the June NYMEX light sweet crude contract was up 38 cents/b (0.6%) at $62.29/b. Market analysts said that bullishness over the US economic recovery has trickled down to the crude oil market, as an increase in the country’s economic activity is expected to shore up energy demand. “The economic recovery is accelerating due to tremendous success with vaccine rollouts and on optimism that the economy will be fully reopened in June,” […]