Crude oil futures traded lower during mid-morning trade in Asia July 20 as rising coronavirus infections worldwide weighed market sentiment down.  At 10:30 am Singapore time (0230 GMT), ICE Brent September crude futures were down 24 cents/b (0.49%) from the July 17 settle at $42.90/b, while the NYMEX August light sweet crude contract was down by 20 cents/b (0.46%) at $40.39/b. Rising demand and a strong drawdown on inventories, with the US Energy Information Administration’s data showing inventories falling 7.5 million barrels and total product supplied for distillate fuel oil climbing 22% to 3.69 million b/d for the week ended July 10, signaled improving demand-supply fundamentals and kept prices buoyant last week. However, lingering concerns over rising coronavirus infections worldwide and its impact on demand continued to weigh on market sentiment and limited […]