Crude oil futures rose during morning trade in Asia June 15, as the restoration of the Joint Comprehensive Plan of Action seemed increasingly difficult, and as strong oil demand in the West remained a pillar of support for the market. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:56 am Singapore time (0256 GMT), the ICE August Brent futures contract was up 11 cents/b (0.15%) from the previous settle at $72.97/b while the NYMEX July light sweet crude contract was up 10 cents/b (0.14%) at $70.98/b. The rise in prices comes after the threat of additional Iranian oil flowing into the market dulled for the near term, with Iran’s deputy foreign minister Abbas Araghchi telling media outlets that JCPOA negotiations are unlikely to conclude this week prior to Iran’s presidential elections on June 18. “If talks drag on, there is the potential […]