Crude futures rangebound in Asia trade as weak demand outlook counters bullish US jobs report
20.08.2020
MOSCOW (MRC) -- Crude oil futures were largely stable in mid-morning trade in Asia Aug. 14 as better-than-expected US jobs data was countered by expectations of a slow global demand recovery as the easing of COVID-19 movement restrictions was impacted by a resurgence of cases in several countries, reported S&P Global.At 10:50 am Singapore time (0250 GMT), the ICE Brent October crude futu