Crude oil futures continue upward trend in Asia as US EIA report forecast supply to exceed demand next year

Crude oil futures continue upward trend in Asia as US EIA report forecast supply to exceed demand next year
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10.11.2021

MOSCOW (MRC) -- Crude oil futures were higher in midmorning trade in Asia Nov. 10, on track for a fourth straight day of gains, as a US Energy Information Administration report forecast supply to exceed demand next year and eased concerns about a possible Strategic Petroleum Reserve release, reported S&P Global.At 10:49 am Singapore time (0249 GMT), the ICE January Brent futures contract

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