Crude oil futures traded steady to higher in mid-morning trade in Asia July 17, supported by tightening global crude supplies, even as rising coronavirus cases worldwide continued to cloud the short-term demand At 10:35 am Singapore time (0235 GMT), ICE Brent September crude futures were up 4 cents/b (0.09%) from the July 16 settle at $43.41/b, while the NYMEX August light sweet crude contract was up by 8 cents/b (0.20%) at $40.83/b. “Risk-off sentiment had returned to Wall Street on Thursday amid fresh caution triggered by the lingering COVID-19 impact,” Pan Jingyi, market strategist at IG, said in a note July 17. Total worldwide infections stood at 13.7 million with a record rise in daily infections of 231,500 cases July 15, according to latest data from John Hopkins University. Brazil also surpassed […]