Crude oil futures continue to fall as China extends lockdown, recession fears

Crude oil futures continued to decline in mid-morning Asian trade April 25 as China intensified its COVID-19 related lockdowns and as the US Federal Reserve’s aggressive rate hike stance fueled recession fears, which weighed on demand sentiment. At 11:02 am Singapore time (0302GMT), the ICE June Brent futures contract was down $2.85/b (2.66%) from the previous close at $103.80/b, while…