Crude oil futures rangebound in Asia on dampened market sentiment due to threat of coronavirus spread from India
11.05.2021
MOSCOW (MRC) -- Crude oil futures were rangebound during mid-morning trade in Asia May 7 as the threat of mutant coronavirus strains from India dampened market sentiment, but a weaker US dollar provided tailwind to prices, reported S&P Global.At 11:12 am in Singapore (0312 GMT), the ICE Brent July contract was up 27 cents/b (0.4%) from the May 6 settle at USD68.36/b, while the June NYMEX