Crude oil futures fall on news China mulling more Russian oil for strategic reserves

Crude oil futures were lower in mid-morning Asian trade May 20 as media reports of China considering buying Russian oil for its strategic reserves eased concerns of a sharp cutback in Russian crude exports. At 11:26 am Singapore time (0326 GMT), the ICE July Brent futures contract fell 82 cents/b (0.73%) from the previous close at $111.22/b, while the NYMEX…