Crude oil futures edged higher during mid-morning trade in Asia May 25, extending overnight gains, as some uncertainty emerged over the restoration of the Joint Comprehensive Plan of Action on Iran, and as optimism grew that the market would be able to absorb any increases in Iranian oil exports if an agreement was reached. At 11:08 am Singapore time (0308 GMT), the ICE Brent July contract was up 23 cents/b (0.34%) from the previous settle at $68.69/b, while the July NYMEX light sweet crude contract was 14 cents/b (0.21%) higher at $66.19/b. Market participants remained focused on the prospect of the restoration of the JCPOA, with the fifth round of negotiations scheduled to resume in Vienna later May 25. Iranian Foreign Ministry Spokesman Saeed Khatibzadeh said that differences between Iran and world powers remain in […]