1. Crude oil futures slip in Asia after hitting fresh highs
MOSCOW (MRC) -- Crude oil futures slipped during mid-morning trade in Asia June 11 after settling at fresh highs as the OPEC Monthly Report for June reinforced a positive demand outlook for the second half of the year, reported S&P Global. At 10.50 am Singapore time (0250 GMT), the ICE August Brent futures contract was down 57 cents/b (0.79%) from the previous settle at USD72/b, while the NYMEX July light sweet crude contract was down 51 cents/b (0.73%) at USD69.83/b. The ICE Brent contract settled at USD72.52/b on June 10, the highest in over a year after the front month contract settled at USD72.62/b on May 16, 2019. Additionally, the NYMEX light sweet crude contract settled at USD70.20/b on June 10, and was last higher at USD71.92/b on October 16, 2018, S&P Global Platts data showed.
MRC