Crude oil futures consolidate recent gains; China COVID-19 cases ease
Crude oil futures were mostly steady in mid-morning Asian trade May 17 as prices consolidated recent strong gains, with sentiment supported by easing COVID-19 cases in China and a continuing supply crunch. At 10:31 am Singapore time (0231 GMT), the ICE July Brent futures contract was up 7 cents/b (0.06%) from the previous close at $114.31/b, while the NYMEX June…