Crude oil futures extend rally on Russian oil ban talk despite EU pushback
Crude oil futures continued rising in mid-morning Asian trade March 8 in the wake of reports that the Biden administration was discussing a potential ban on Russian oil imports, even as its European allies moved to tone down the threat. At 10:45 am Singapore time (0245 GMT), the May ICE Brent futures contract was up $2.17/b (1.76%) from the previous…