Highlights Oil prices supported by Druzbha pipeline disruption Upside capped by uncertain demand outlook Crude oil futures were mostly steady in mid-morning Asian trade Aug. 10 as prices continued to drift sideways amid an uncertain demand outlook, though some support was seen from a suspension of Russian oil flows to Central and Eastern Europe.

At 10:14 am Singapore time (0214 GMT), the ICE October Brent futures contract was up 9 cents/b (0.09%) from the previous close at $96.40/b, while the NYMEX September light sweet crude contract was 5 cents/b (0.06%) lower at $90.45/b. Oil prices continued to see directionless trade as investors weighed fragile macroeconomic fundamentals worldwide against a still robust US labor market and supply disruptions from Russia. Prices had surged in the intra-day Aug. 9 session after Russian pipeline operator Transneft suspended oil […]