OIL FUTURES: Crude complex extend gains on forecast fall in 2022 US crude production

Crude oil futures rose throughout the morning session in Europe May 11, extending gains from the Asian trading session, on concerns about the US NOPEC legislation that seeks to target oil producers like the OPEC and also as the Energy Information Administration trimmed its US crude production outlook by 100,000 b/d for 2022. At 1200 GMT, the ICE July Brent…