Crude oil futures rise as record power demand offsets macroeconomic weakness

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Crude oil futures were higher in mid-morning Asian trade July 15, shrugging off rangebound trading over the past two sessions, as investors weighed conflicting signals of deteriorating macroeconomic fundamentals and a still tight oil market. At 10:20 am Singapore time (0220 GMT), the ICE September Brent futures contract was up $1.04/b (1.05%) from the previous close at $100.14/b, while the…