Crude oil futures ease as Saudi cuts OSPs; Russian oil ban face hurdles

Crude oil futures were lower in mid-morning Asian trade May 9, easing from three-week highs, as cuts to Saudi Arabia’s latest official selling prices as well as hurdles in implementing an European Union-wide Russian oil ban weighed on sentiment. At 10:43 am Singapore time (0243 GMT), the ICE July Brent futures contract was down 40 cents/b (0.36%) from the previous…