Crude oil futures briefly plummet $4/b as recession fears resurface

Crude oil futures were sharply lower in mid-morning trade in Asia June 22 as a brief rebound in the previous session proved short-lived, with fears of demand destruction and a global economic slowdown still gripping financial markets. At 10:23 am Singapore time (0223 GMT), the ICE August Brent futures contract was down $3.39/b (2.96%) from the previous close at $111.26/b,…