Crude oil futures were rangebound during mid-morning trade Sept. 3 as the market clawed back some overnight losses, led by waning sentiment in a highly uncertain macroeconomic environment amid a drop in seasonal gasoline demand. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11:30 am Singapore time (0330 GMT), ICE Brent November crude futures were up 1 cents/b (0.02%) from the Sept. 2 settle at $44.44/b, while the NYMEX October light sweet crude contract was up by 8 cents/b (0.19%) at $41.59/b. “I think crude was oversold on Wednesday [Sept. 2] and is likely to bounce back up,” Vandana Hari, founder and CEO of oil consultancy firm Vanda Insights told S&P Global Platts Sept. 3. “The drop in gasoline demand spooked the market, but weekly US consumption data is never a good gauge of trends and in this case all […]