Crude oil futures recoup losses; macroeconomic weakness weighs

Crude oil futures were higher in mid-morning Asian trade July 1, recouping losses after a steep plunge overnight, though sentiment remained shaky as a raft of data showed further signs of weakness in the US economy. A widely-watched OPEC+ meeting June 30 ended without event. At 11:02 am Singapore time (0302 GMT), the ICE September Brent futures contract was up…