OIL FUTURES: Crude slides as global growth concerns spark broad market selloff
Crude futures fell into negative territory midday US trading May 5 as part of a broad market selloff sparked by economic growth concerns following the largest US Federal Reserve interest rate hike since 2000. At 1653 GMT, NYMEX June WTI was down 64 cents at $107.17/b and ICE July Brent was 35 cents lower at $109.79/b. “[Crude] is getting caught…