Crude oil futures fell in midmorning trade in Asia Monday as growing concerns about the coronavirus outbreak continued to cloud global oil demand outlook. At 9:30 am Singapore time (0130 GMT), April ICE Brent crude futures fell 27 cents/b (0.50%) from Friday’s settle at $54.20/b, while the NYMEX March light sweet crude contract fell 33 cents/b (0.66%) at $49.99/b. “Crude oil prices fell as investors reassessed the impact of the [corona]virus on demand…the market also sees little supporting coming from OPEC,” said ANZ analysts in a note Monday. Discussions by OPEC+, a coalition of OPEC and other oil producers, of a potential additional 600,000 b/d supply cut failed to uplift oil prices as Russia remained uncommitted. “And if the cartel fails to reach an agreement, there will be more pain to come in oil downside,” […]