Crude higher on Europe’s vulnerability to supply, Saudi’s commitment to OPEC+

Crude futures were higher during mid-afternoon trading in Asia July 18 on the back of investors weighing Europe’s vulnerability to oil and gas supplies during the upcoming heating season and Saudi Arabia’s new commitment to OPEC+ following the visit of US President Joe Biden to the country. The September ICE Brent futures contract rose $2.83/b, or 2.80%, from the previous…