Crude oil futures slip on Yemen truce; Russian oil risks cap downside

Crude oil futures dipped in mid-morning Asian trade April 4 on reports that Yemeni Houthi rebels have signed a truce with Saudi Arabia, removing one potential supply disruption source in oil markets. At 10:12 am Singapore time (0212 GMT), the ICE June Brent futures contract was down 42 cents/b (0.4%) from the previous close at $103.97/b, while the NYMEX May…