Crude oil futures rise on IEA supply forecast amid progress in Russia-Ukraine talks

Crude oil futures were higher in mid-morning trade in Asia March 17 as the International Energy Agency’s warning of potential supply shortages overshadowed reports of progress in Russia-Ukraine peace talks. At 11 am Singapore time (0300 GMT), the May ICE Brent futures contract was up $1.14/b (1.16%) from the previous close at $99.16/b, while the April NYMEX light sweet crude…