Crude oil futures were steady during mid-morning trade in Asia Thursday as economic uncertainty keeps market sentiment cautious. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:36 am Singapore time (0236 GMT), ICE Brent July crude futures fell 9 cents/b (0.31%) from Wednesday’s settle at $29.10/b, while the NYMEX June light sweet crude contract rose 9 cents/b (0.36%) at $25.38/b. The backdrop of economic uncertainty following the COVID-19 pandemic continues to cap market recovery despite earlier signs of optimism. “Risk sentiment abated yesterday after Fed Chair [US Federal Reserve chairman] Jerome Powell warned of broad virus danger. We think Brent is likely to continue hovering around $30/b in the short term,” OCBC analysts said in a note Thursday. US Federal Reserve chief Jerome Powell warned of an extended period of weak economic growth on Wednesday and called for additional fiscal […]