Crude oil futures rise on supply concerns after sanctions against Russia

Crude oil futures were higher in mid-morning Asian trade Feb. 24 as the market weighed the supply implications of targeted western sanctions against Russia and after President Vladimir Putin offered Ukraine’s breakaway regions, Donetsk and Luhansk, state and military support in their conflict with Kyiv. At 10:14 am Singapore time (0214 GMT), the ICE April Brent futures contract was up…