Crude oil futures slips during mid-afternoon trade Monday on the back of higher rig counts in the US, but supply concerns remained in focus for now, industry sources said.  At 2:35 pm Singapore time (0635 GMT), the June ICE Brent crude futures were down 10 cents/b (0.14%) from Friday’s settle at $71.45/b, while the NYMEX May light sweet crude contract also slid 25 cents/b (0.39%) at $63.64/b. According to the Baker Hughes rig count Friday, oil drillers added two rigs, bringing the total number of active oil rigs in the US to 833. The small increase built upon last week’s 15-rig addition to bring the nationwide oil rig count up to a four-week high. Meanwhile, global growth concerns also capped prices, industry sources said. “ECB President Draghi at the IMF-World Bank meeting said the key […]