Crude oil futures fell sharply in mid-morning trade in Asia July 14 as rising COVID-19 cases and renewed lockdowns softened demand outlook, while expectations of tapering production cuts from OPEC+ further weighed on market sentiment. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:53 am Singapore time (0253 GMT), ICE Brent September crude futures were down 84 cents/b (1.97%) from the July 13 settle at $41.88/b, while the NYMEX August light sweet crude contract was 94 cents/b (2.34%) lower at $39.16/b. Rising COVID-19 cases globally remain a key drag on market sentiments. Total worldwide infections stood at 13 million, with more than half a million death, latest data from John Hopkins University showed. California Governor Gavin Newsom, said July 13 that indoor businesses statewide such as restaurants, bars, movie theaters will be closed immediately as coronavirus cases continue to surge. […]