Crude oil futures stable to lower as recession fears resurface

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Crude oil futures were stable to slightly lower in mid-morning Asian trade July 27 as recession fears returned to the fore after fresh US data overnight showed weakening consumer confidence in the economy. At 10:18 am Singapore time (0218 GMT), the ICE September Brent futures contract was down 23 cents/b (0.22%) from the previous close at $104.17/b, while the NYMEX…