Crude oil futures fell during mid-morning trade in Asia March 23, as the market remained concerned over the third wave of the coronavirus in Europe given that extended mobility restrictions in the region threaten to constrict oil demand. At 11:07 am Singapore time (0307 GMT), the ICE Brent May contract fell 73 cents/b (1.12%) from the March 22 settle to $63.89/b, while the May NYMEX light sweet crude contract was down 72 cents/b cents/b (1.17%) to $60.84/b. The oil complex has been struggling to gain an upward momentum as the market is beset by worries over the progress of the pandemic in Europe. France and Poland have already announced new lockdown measures to combat rising COVID-19 infections, with Germany joining the list after its federal and state governments agreed to extend the country’s […]