Crude oil futures higher as market weighs impact of China lockdowns, Iran deal progress

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Crude oil futures were higher in mid-morning trade in Asia March 16 as market participants weighed the impact of China’s worsening COVID-19 outbreak on demand and signs of progress in the stalled Iran nuclear deal on supply. At 11 am Singapore time (0300 GMT), the May ICE Brent futures contract was up $1.27/b (1.27%) from the previous close at $101.18/b,…