Crude oil futures rebound after overnight plunge to pre-Ukraine war levels

Crude oil futures were higher in mid-morning Asian trade Aug. 4, rebounding from five-month lows after bearish US oil data and supply increases from OPEC+ sent oil prices plummeting to levels not seen since before the Russia-Ukraine war broke out. At 11:00 am Singapore time (0300 GMT), the ICE October Brent futures contract was up 39 cents/b (0.4%) from the…