Crude oil futures extend gains on supply disruptions, lack of spare capacity

Crude oil futures were higher in mid-morning trade in Asia June 28, extending gains for a third day as supply disruptions overshadowed fears of a global recession, while OPEC spare capacity was reported to be much lesser than expected. At 11:08 am Singapore time (0308 GMT), the ICE August Brent futures contract was up $1.55/b (1.35%) from the previous close…