Crude oil futures remained lower in mid-morning trade in Asia Friday as indications of worsening demand emerged amid the growing COVID-19 spread outside China.  At 11:01 am in Singapore (0301 GMT), April ICE Brent crude futures fell 79 cents/b (1.51%) from Thursday’s settle to $51.39/b, while the NYMEX April light sweet crude contract was 76 cents/b (1.61%) lower at $46.33/b. Crude slid for a fifth-straight session Thursday to settle at 14-month lows amid a continued focus on the economic impact of the coronavirus outbreak. “Saudi Arabia is reducing its crude supplies to China by about 500,000 b/d in March to around 1.3–1.5 million b/d, as demand from refineries remains weak,” ANZ analysts said Friday. A number of refineries in China are either undergoing maintenance or cutting runs, partly to offset stock pressure after product demand […]