Crude oil futures extend gains as EU mulls Russian oil sanctions

Crude oil futures rose for a fourth consecutive trading day in mid-morning Asian trade March 22 as EU ministers mulled sanctions on Russian energy and oil markets remained undersupplied amid buyer aversion to Russian oil. At 11 am Singapore time (0300 GMT), the ICE April Brent futures contract was up $2.87/b (2.48%) from the previous close at $118.49/b, while the…