Crude oil futures increase in Asia on large API crude draw, favourable demand outlooks

MOSCOW (MRC) -- Crude oil futures were higher during midmorning trade in Asia June 3 as the American Petroleum Institute reported a large draw in crude inventories, reinforcing the narrative that fundamentals in the US are improving, while Europe reopening provided further support to the market, reported S&P Global.At 11:07 am Singapore time (0307 GMT), the ICE August Brent crude contract

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