Crude oil futures were steady to marginally lower in mid-morning trade in Asia June 23 following an overnight rally, as demand uncertainty continues amid concerns of a second wave of COVID-19 infections. At 10:35 am Singapore time (0235 GMT), ICE Brent August crude futures slipped 1 cent/b (0.02%) from the June 22 settle at $43.07/b, while the new front-month NYMEX August light sweet crude contract was 4 cents/b (0.1%) lower at $40.69/b. Prices settled higher June 22 owing to a tighter global supply outlook, but came off this morning as uncertainty continued to cap gains. “In an environment where the WHO [World Health Organization] had only recently announced on Sunday a record increase in global COVID-19 cases, sentiment can certainly still turn very promptly with the flick of the switch,” IG’s market strategist […]