Crude oil futures traded lower during mid-morning trade in Asia Wednesday as uncertainty around the extent of oil demand recovery lingers, even as more countries attempt to ease COVID-19 lockdowns. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:35 am Singapore time (0235 GMT), ICE Brent July crude futures fell 50 cents/b (1.67%) from Tuesday’s settle at $29.48/b, while the NYMEX June light sweet crude contract was 22 cents/b (0.85%) lower at $25.56/b. “Oil prices have been getting supported as road travel is increasing as lockdowns ease, but international travel [is] still not lighting up as that was considered to be one of the last areas to recover,” Axicorp Chief Global Markets Strategist Stephen Innes said in a note Wednesday. Major Asian fuel exporters, including South Korea and India, have been struggling to export cargoes since late Q1, as the […]