Crude oil futures hit fresh multiyear highs during midmorning Asia trade June 9 as the US Energy Information Administration forecast a decline in global oil inventories in the second half of 2021 in its June Short-Term Energy Outlook. The rally was further supported by signs that the US-Iran talks, which could bring sanctioned Iranian barrels back into the market, would take longer than expected.  At 11:12 am Singapore time (0312 GMT), the ICE August Brent futures contract was up 50 cents/b (0.69%) from the previous settle at $72.72/b while the NYMEX July light sweet crude contract was up 47 cents/b (0.67%) at $70.52/b. Both contracts touched multiyear highs June 4 before settling lower. The ICE Brent contract last settled higher at $71.97/b on May 20, 2019, while the NYMEX light sweet crude contract was last […]