Crude oil futures retraced losses in mid-morning trade in Asia Wednesday following a sharp overnight decline, though the near-term outlook remains volatile. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:30 am Singapore time (0230 GMT), December ICE Brent crude futures were up 49 cents/b (0.65%) from Tuesday’s settle at $76.40/b, while the NYMEX December light sweet crude contract was 29 cents/b (0.44%) higher at $66.47/b. Oil prices settled had sharply lower Tuesday due to heightened trade tensions between the China and the US, with the recovery Wednesday made possible in part by rising equities. “US [equities] markets rebounded overnight, giving Asia markets a more benign lead, although the surge can really be seen as part of a continuation of this state of volatility,” IG market strategist Pan Jingyi said. The near-term outlook for energy markets remains underpinned by bearish factors, analysts […]