Crude oil futures jumped during mid-morning trade in Asia May 24, as the market grew anxious of another above-normal hurricane season, while paring losses from a selloff during the week ended May 21 due to concerns over an influx of Iranian barrels into the market. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:39 am Singapore time (0339 GMT), the ICE Brent July contract was up 50 cents/b (0.75%) from the May 21 settle at $66.94/b, while the July NYMEX light sweet crude contract was up 60 cents/b (0.94%) at $64.18/b. This morning’s climb came as the specter of supply disruptions during the 2020 Atlantic hurricane season returned to haunt markets, after Subtropical Storm Ana became the first named storm of this year’s hurricane season on May 22. While Ana has since been downgraded to a tropical depression by the National Hurricane […]