Crude oil futures were lower during mid-morning trade in Asia on Oct. 22, as sentiment was impacted by pandemic concerns which could weigh on the demand outlook. At 11:15 am Singapore time (0315 GMT), the ICE December Brent futures contract was down 36 cents/b (0.43%) from the previous close at $84.25/b, while the NYMEX November light sweet crude contract fell 29 cents/b (0.35%) at $82.21/b. Oil prices slid after Russia announced the implementation of pandemic-related restrictions in Moscow as COVID-19 infections and deaths have spiked. Russian president Vladimir Putin Oct. 20 approved a “non-working week” from Oct. 30-Nov. 7 to help slow the spread of the virus. “Crude oil prices lost momentum as sentiment was hurt by concerns that the emergence of restrictions and lockdowns in Russia and eastern Europe due to rising coronavirus cases could threaten the global […]