Crude futures remain lower in Asia trade as COVID-19 cases rise in US

MOSCOW (MRC) -- Crude oil futures were trading lower in mid-morning trade in Asia June 12 as a rise in COVID-19 cases in the US clouded the overall outlook for oil demand recovery, reported S&P Global.At 10:10 am Singapore time, ICE Brent August crude futures were down 58 cents/b (1.50%) from the June 11 settle at USD37.97/b, while the NYMEX July light sweet crude contract was 72 cents/b

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