Crude oil futures tumble on fresh China COVID-19 curbs, stronger dollar

Crude oil futures were lower in mid-morning Asian trade July 12, as risk aversion took centerstage again amid fresh COVID-19 curbs in China and the US dollar hitting 20-year highs. At 10:32 am Singapore time (0232 GMT), the ICE September Brent futures contract was down $1.23/b (1.15%) from the previous close at $105.87/b, while the NYMEX August light sweet crude…