Crude oil futures extend gains as concerns linger over EU ban on Russian oil

Crude oil futures climbed for the third straight session during mid-morning Asian trade May 6, erasing earlier losses, as concerns lingered over the prospect of tighter supply after the European Union’s embargo on Russian oil, while OPEC+ went ahead with its planned supply increase at its latest meeting. At 10:26 am Singapore time (0226 GMT), the ICE July Brent futures…