Crude oil futures were stable to lower during mid-morning trade in Asia on Friday as economic growth and demand related concerns continued to pressure prices lower, while market participants waited for fresh price indicators. “Global risk appetite was hesitant with the US markets out for Independence Day holiday yesterday [Thursday],” analysts from OCBC Bank said in a note. At 10:35 am Singapore time (0235 GMT), front-month ICE Brent September futures edged down 5 cents/b (0.8%) from Thursday’s settle at $63.25/b, while the NYMEX August light sweet crude futures contract was 66 cents/b (1.15%) lower from Wednesday’s settle at $56.68/b. “Crude oil futures drifted aimlessly with the US markets closed for the 4 July holiday. Brent crude ebbed and flowed during the session, but ultimately ended lower as concerns over weaker demand outweighed the supply issues,” […]