Crude oil futures rise on fresh buying after IEA news sparks overnight plunge

Crude oil futures were higher in mid-morning Asian trade April 7 as investors returned to buy the dips after news of IEA members agreeing to a 120 million barrels oil reserve release sent oil prices tumbling overnight. At 10:15 am Singapore time (0215 GMT), the ICE June Brent futures contract was up $1.61/b (1.59%) from the previous close at $102.68/b,…