Crude oil futures rebound after overnight plunge on weakening outlook
Crude oil futures were higher in mid-morning Asian trade July 13, trimming losses after a plunge of more than 7% overnight as the near-term outlook weakened considerably amid COVID-19 curbs in China and weakening sentiment in Europe. At 10:16 am Singapore time (0216 GMT), the ICE September Brent futures contract was up 33 cents/b (0.33%) from the previous close at…