Crude oil futures were higher in mid-morning trade in Asia Wednesday amid a marginal improvement in risk appetite, though analysts said prices were likely to remain volatile in the near term. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10 am Singapore time (0200 GMT), ICE Brent June crude futures were up 65 cents/b (3.18%) from Tuesday’s settle at $21.11/b, while the NYMEX June light sweet crude contract was $1.57/b (12.72%) higher at $13.91/b. “Volatility in oil futures rippled through the commodity complex, but optimism about the economic recovery improved risk appetite,” ANZ analysts said in a note Wednesday. Some countries are reopening businesses and schools gradually, according to media reports. France and Spain have recently announced measures to begin the easing of lockdowns. Nonetheless, analysts said that June crude futures are still subject to downward pressure owing to bearish demand and […]