Crude oil futures extend gains as EU mulls Russian energy ban

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Crude oil futures were higher in mid-morning Asian trade April 5, extending strong overnight gains as markets continued to price in the possibility of an EU-wide ban on Russian energy imports. At 10:20 am Singapore time (0220 GMT), the ICE June Brent futures contract was up $1.82/b (1.69%) from the previous close at $109.35/b, while the NYMEX May light sweet…