Crude oil futures fell by more than 1% in mid-morning trade in Asia Thursday as prospects of weaker demand continues to grip energy markets. At 10:30 am in Singapore (0230 GMT), April ICE Brent crude futures fell 81 cents/b (1.52%) from Wednesday’s settle at $52.62/b, while the NYMEX April light sweet crude contract was 78 cents/b (1.6%) lower at $47.95/b. The further spread of COVID-19 continues to dampen the demand outlook, with front-month Brent and WTI settling nearly 10% below their most recent highs on February 20. Both crude markers were last lower in early January 2019. “With Brent crude oil prices, a fresh one-year low had been printed [Wednesday] given the state of concerns over global growth… looking to chart further downsides,” IG’s market strategist Pan Jingyi said Thursday. The US Centers […]