Crude oil futures recoup losses after overnight plunge as sentiment remains firm

Crude oil futures were higher in mid-morning Asian trade April 20, with both benchmarks recouping losses after plunging by more than 5% overnight on renewed concerns over global oil demand. At 10:28 am Singapore time (0228 GMT), the ICE June Brent futures contract was up 75 cents/b (0.7%) from the previous close at $108/b, while the NYMEX May light sweet…