Crude oil futures were rangebound in mid-morning trade in Asia Tuesday, continuing to firm at five-month highs given the risk of supply outages in Libya, while market participants await fresh cues from the release of US’ inventory data and OPEC’s monthly oil market report. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:10 am Singapore time (0310GMT), ICE June Brent crude futures were up 6 cents/b (0.08%) from Monday’s settle at $71.16/b, while the NYMEX May light sweet crude contract was 12 cents/b (0.19%) higher at $64.52/b. “Global oil prices remain in focus amid escalating tensions in Libya. Although Oil continues to flow, things aren’t getting much quieter as Libya’s GNA forces announced a ‘counteroffensive’ to defend Tripoli. The possibility of another Libyan supply disruption is adding to other supply risks from Iran and Venezuela and keeping skyward pressure on prices,” SPI […]