Crude oil rises as market assesses impact of SWIFT sanctions

Crude oil futures were higher in mid-morning Asian trade March 1, as the market assesses the impact of restrictions on Russia’s use of SWIFT international payment system amid looming threat of sanctions on Russia’s energy sector. At 11:53 am Singapore time (0353 GMT), the ICE May Brent futures contract was up 71 cents/b (0.72%) from the previous close at $98.68/b,…