OIL FUTURES: Crude extends rally as market eyes EU sanctions on Russian energy

Crude futures extended their rally in midday US trading March 21 as the possibility of EU sanctions on Russian oil raised supply concerns. At 1550 GMT, NYMEX April WTI was up $5.17 at $109.87/b and ICE May Brent was $6.43 higher at $114.36/b. The foreign ministers of Lithuania and Ireland said March 21 that it was time for the EU…