Crude oil hovers below $100/b amid lack of energy sanctions

Crude oil futures were trading slightly lower in late European morning Feb. 25 as the newly announced Western sanctions did not directly target energy exports of oil, gas and refined products from Russia. At 11.43 am London time (1143 GMT), the ICE April Brent futures contract was down 96 cents/barrel from the previous close at $98.14/b, while the NYMEX April…