Crude oil futures ticked lower during mid-morning trade in Asia April 30, as prices pulled back from a six-week high due to weaker economic data from China, and persistent concerns over the progress of the pandemic in key economies around the world. At 11:23 am Singapore time (0323 GMT), the ICE Brent June contract was down 32 cents/b (0.47%) from the April 29 settle at $68.24/b, while the June NYMEX light sweet crude contract was down 36 cents/b (0.55%) at $64.65/b. The downturn in the market comes after oil prices had hit a six-week high on April 29, with front month ICE Brent and NYMEX light sweet crude contracts settling at $68.56/b and $65.01/b, respectively. The rise in prices on April 29 was driven by signs of improving oil demand in China, Europe […]