Crude oil futures shed overnight gains as recession concerns weigh

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Crude oil futures were lower in mid-morning trade in Asia June 17, tracking a bearish session on Wall Street overnight as recession concerns continued to grow amid monetary policy tightening by central banks worldwide. At 10:10 am Singapore time (0210 GMT), the ICE August Brent futures contract was down 57 cents/b (0.48%) from the previous close at $119.24/b, while the…