NYMEX crude retakes $100/b after overnight plunge on demand concerns

Crude oil futures were higher in mid-morning Asian trade May 11 amid investor dip-buying, with the NYMEX marker moving back above $100/b after plunging for a second session overnight on persisting demand concerns. At 10:18 am Singapore time (0218 GMT), the ICE July Brent futures contract was up $1.46/b (1.42%) from the previous close at $103.92/b, while the NYMEX June…