Crude oil futures mostly steady, outlook remains bullish

Crude oil futures were mostly steady in mid-morning Asian trade April 8, consolidating after recent heavy losses as the long-term outlook for oil prices remained bullish despite the US and IEA’s plans for a massive oil reserve release. At 10:22 am Singapore time (0222 GMT), the ICE June Brent futures contract was down 4 cents/b (0.04%) from the previous close…