Crude oil futures rebounded in mid-morning trade in Asia Friday after an overnight fall, but the continuing uncertainty over the demand-supply outlook will cap the recovery, analysts said. At 9:50 am Singapore time (0150 GMT), ICE Brent July crude futures were up 52 cents/b (1.77%) from Thursday’s settle at $29.98/b, while the NYMEX June light sweet crude contract was 56 cents/b (2.38%) higher at $24.11/b. Crude futures had settled lower overnight Thursday as traders looked to book profits amid the uncertain outlook. Prices edged higher Friday morning in Asia on expectations of a gradual recovery in oil demand, but the market remains skeptical the rebound will be substantial. “In the COVID-19 environment, investors are struggling to gauge how consumption evolves from a sudden stop in global economic activity to how the gradual reopening […]