0255 GMT: Crude oil futures ticked lower during mid-morning trade in Asia June 29, extending the overnight downtrend, as the spread of the delta variant of the coronavirus raised concerns over renewed mobility restrictions. 10:55 am Singapore time (0255 GMT), the ICE August Brent futures contract was down 34 cents/b (0.46%) from the previous close at $74.34/b, while the NYMEX August light sweet crude contract was down 28 cents/b (0.38%) at $72.63/b. This downtrend continues from overnight when front month Brent and NYMEX light sweet crude markers closed 1.97% and 1.54% lower at $74.68/b and $72.91/b, respectively. Analysts said the market is pricing the possibility of tighter mobility restrictions after an increase in COVID-19 infections across much of Europe and Asia. Despite its high vaccination rate, the UK has seen a surge in COVID-19 infections since […]