Crude oil higher as traders avoid Russian Urals

Crude oil futures continues on an uptrend in mid-morning Asian trade March 3 as the market shunned Russia’s Urals crude amid expectations of international sanctions on the country’s energy market. At 10:58 am Singapore time (0203 GMT), the May ICE Brent futures contract was up $3.51/b (3.17%) from the previous close at $1161.44/b, while the April NYMEX light sweet crude…