Crude oil futures slipped during mid-morning trade in Asia on June 11 after settling at fresh highs as the OPEC Monthly Report for June reinforced a positive demand outlook for the second half of the year. At 10.50 am Singapore time (0250 GMT), the ICE August Brent futures contract was down 57 cents/b (0.79%) from the previous settle at $72/b, while the NYMEX July light sweet crude contract was down 51 cents/b (0.73%) at $69.83/b. The ICE Brent contract settled at $72.52/b on June 10, the highest in over a year after the front month contract settled at $72.62/b on May 16, 2019. Additionally, the NYMEX light sweet crude contract settled at $70.20/b on June 10, and was last higher at $71.92/b on October 16, 2018, S&P Global Platts data showed. “The same thing happened yesterday, […]