Crude oil futures were marginally lower in mid-morning trade in Asia June 16 amid persistent concerns over demand recovery. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:17 am Singapore time, ICE Brent August crude futures was 26 cents/b (0.65%) lower from June 15’s settle at $39.46/b, while the NYMEX July light sweet crude contract was 25 cents/b (0.67%) lower at $36.87/b. Sentiment took a risk-off tone in Asia trading, despite prices settling higher on June 15 during the US trading hours, amid news of additional economic support by the Federal Reserve. “A full recovery to early March levels will need continued supply discipline, demand recovery, and time to work off US inventories and spare capacity,” Axicorp chief global markets strategist Stephen Innes said in a June 16 note. Concerns over a second wave of COVID-19 infections amid easing lockdowns […]