Crude oil futures were lower in mid-morning trade in Asia Friday as concerns eased over the impact on supply of looming US sanctions on Iran. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:28 am Singapore time (0328 GMT), January ICE Brent crude futures were down 32 cents/b (0.44%) from Thursday’s settle at $72.57/b, while the NYMEX December light sweet crude contract was 32 cents/b (0.50%) lower at $63.37/b. “Oil fell to the lowest levels in more than six months on reports that the US may not go that hard on sanctions on Iran oil exports as they kick in on November 4,” UOB analysts said in a note Friday. The US is in the midst of an “internal process to consider significant reduction exemptions for individual countries,” US State Department deputy spokesman Robert Palladino said Thursday. “[This] eased concerns that Iran […]