Crude attempts rebound as financial markets take a breather from sell off

Crude oil futures were sharply higher in mid-morning Asian trade May 13 amid recouping signs from the financial markets that witnessed heavy sell off this week on global growth risks and mounting inflationary pressures, while supply concerns continued to plague the oil markets. At 10:38 am Singapore time (0238 GMT), the ICE July Brent futures contract was up $1.60/b (1.49%)…