Crude oil futures rebound after overnight plunge, but sentiment remains fragile

Crude oil futures were higher in mid-morning Asian trade July 6 as investors bought the dip after a plunge of more than 9% overnight for ICE Brent crude, as sentiment remained highly vulnerable to recession fears. An oil workers’ strike in Norway that had disrupted supply and boosted prices was also resolved July 5. At 10:20 am Singapore time (0220…