Crude oil futures extend losses after overnight tumble on demand concerns
Crude oil futures extended losses in midmorning Asian trade Aug. 2 after heavy losses in the overnight session, as fresh data continued to show weakening economic activity in the world’s largest economies while US producers were set to ramp up supply. At 11:10 am Singapore time (0310 GMT), the ICE October Brent futures contract was down $1.18/b (1.18%) from the…