Crude oil futures climbs, erasing early declines; sentiment still fragile

Crude oil futures were higher in mid-morning trade in Asia June 27, reversing early losses of more than $2/b though sentiment remained fragile amid ongoing concerns of a global economic slowdown. At 10:36 am Singapore time (0236 GMT), the ICE August Brent futures contract was up 77 cents/b (0.68%) from the previous close at $113.89/b, while the NYMEX August light…