Crude oil futures continue rising in Asia on tightening supply outlook

Crude oil futures continue rising in Asia on tightening supply outlook
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11.10.2021

MOSCOW (MRC) -- Crude oil futures extended an uptrend into mid-morning trade in Asia Oct. 11 on a tightening supply outlook, and as a weaker-than-expected US jobs report creates a potential headwind to a recent hawkish change in US Federal Reserve monetary policy, reported S&P Global.At 10:25 am Singapore time (0225 GMT), the ICE December Brent futures contract was up 78 cents/b (0.95%)

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