Crude oil futures fell in mid-morning trade in Asia June 17 as a hawkish slant from the US Federal Reserve sent the US dollar soaring, but markets remained supported by bullish data from China’s National Bureau of Statistics and the US Energy Information Administration. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:17 am Singapore time (0217 GMT), the ICE August Brent futures contract was down 77 cents/b (1.04%) from the previous settle at $73.62/b, while the NYMEX July light sweet crude contract was down 72 cents/b (1.00%) at $71.43/b. Market analysts attributed the downward trajectory in oil prices to a stronger US dollar, which IG market strategist Yeap Jun Rong said was fueled by hawkish signals from the latest Federal Reserve meeting concluded June 16. “The Fed may have delivered a more hawkish message for markets than many would have expected, […]