Crude oil futures extend gains as recession fears ease; outlook remains bullish
Crude oil futures were higher in mid-morning trade in Asia June 21, extending overnight gains as recessionary fears that plagued markets in recent weeks receded and investors returned focus to bullish near-term fundamentals. At 10:33 am Singapore time (0233 GMT), the ICE August Brent futures contract was up $1.48/b (1.3%) from the previous close at $115.61/b, while the NYMEX July…