Crude oil futures ticked down during midmorning trading in Asia Dec. 7 as the rally spurred by OPEC+ partially extending production quotas tapered off after most of California entered into a lockdown. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:02 am Singapore time (0302 GMT), the ICE February Brent contract was down 18 cents/b (0.37%) from the Dec. 4 settle at $49.07/b while the NYMEX January light sweet crude contract was down 18 cents/b (0.39%) at $46.08/b. Both markers rose 2.07% and 1.60%, respectively, in the week ended Dec. 5, with the rally driven by the OPEC+ easing production quotas Dec. 3 by 500,000 b/d in January 2021. The alliance will set output levels every month, aiming to release crude gradually onto the market without tipping it into a supply glut during an uncertain recovery from the […]