Crude oil futures rebound on dip buying after overnight plunge on US Fed hike, stock build

Crude oil futures were higher in mid-morning Asian trade June 16 as investors returned to buy the dip after the largest US interest rate hike in nearly three decades and builds in US oil inventories sparked a selloff overnight. At 10:10 am Singapore time (0210 GMT), the ICE August Brent futures contract was up $1.14/b (0.96%) from the previous close…