OIL FUTURES: Crude drops amid recessionary fears, tightness to remain across markets
Crude oil futures declined during mid-morning training on June 23 on the back of investors’ anguish over looming recessionary fears. At 1216 GMT, ICE August Brent crude futures were down 19 cents/b at $111.55b, while NYMEX July WTI futures were down 31 cents/b at $105.88/b In a testimony before the US Congress June 22, a week after the Fed [the…