Crude edges higher as EU ban on Russian oil heightens supply concerns

Crude oil futures were higher in mid-morning Asian trade June 8 as anticipation that an EU ban on Russian oil would tighten supply overshadowed reports of an inventory build in the US. At 10:18 am Singapore time (0218 GMT), the ICE August Brent futures contract was up 20 cents/b (0.17%) from the previous close at $120.77/b, while the NYMEX July…