Highlights Recession fears continue to plague sentiment “Very challenging” to achieve soft landing for economy: Powell Oil market remains tight Crude oil futures were sharply lower in mid-morning trade in Asia June 23, extending declines from the previous session as investors continued to fret over a potential recession.  At 10:26 am Singapore time (0226 GMT), the ICE August Brent futures contract was down $3.57/b (3.19%) from the previous close at $108.17/b, while the NYMEX August light sweet crude contract fell $3.74/b (3.52%) at $102.45/b. The NYMEX crude marker had fallen by as much as $8/b on June 22, with ICE Brent crude not far behind, though both contracts eventually trimmed losses to settle around $3/b lower. The sell-off appeared not to have abated in the early June 23 session, with analysts saying that recession fears […]