Crude futures rise on US stock draw; Russian oil output recovery caps gains

Crude oil futures were higher in mid-morning Asian trade May 26, extending overnight gains amid support from a draw in US crude and gasoline inventories last week. At 11:07 am Singapore time (0307 GMT), the ICE July Brent futures contract was up 51 cents/b (0.45%) from the previous close at $114.54/b, while the NYMEX July light sweet crude contract rose…