Crude oil futures recover from overnight lows amid choppy trading

Crude oil futures were higher in mid-morning Asian trade May 4, recovering from overnight lows after plunging by more than $2/b, as investors digested conflicting signals of reduced demand from China and the growing possibility of a European ban on Russian oil imports. At 10:15 am Singapore time (0215 GMT), the ICE July Brent futures contract was up 89 cents/b…