Crude oil futures extend rally on tight supply forecasts, stalling Russian-Ukraine talks

Crude oil futures were higher in mid-morning trade in Asia March 18 on the back of forecasts of looming global supply shortages and growing pessimism over the lack of progress in Russian-Ukraine peace talks. At 11 am Singapore time (0300 GMT), the May ICE Brent futures contract was up $2.47/b (2.32%) from the previous close at $109.11/b, while the April…