Crude oil futures edged higher during mid-morning trade in Asia May 4 as plans to ease travel restrictions in Europe lifted hopes of stronger demand, countering the demand erosion in India caused by a surge in COVID-19 cases.  At 11:16 am Singapore time (0316 GMT), the ICE Brent July contract was up 8 cents/b (0.12%) from the May 3 settle at $67.64/b, while the June NYMEX light sweet crude contract was up 7 cents/b (0.11%) at $64.56/b. The European Commission late May 3 outlined plans to allow travelers who are fully vaccinated to travel within the EU after almost a year of pandemic-induced travel restrictions. The recommendation could be adopted by the EU’s 27 member states as early as May 5, in time for the summer holidays, according to media reports. Market analysts […]