Crude oil futures were largely steady in mid-morning trade in Asia Wednesday after the US imposed sanctions on Russian oil major Rosneft Tuesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 10:10 am Singapore time (0210 GMT), April ICE Brent crude futures were up 9 cents/b (0.16%) from Tuesday’s settle at $57.84/b, while the NYMEX March light sweet crude contract was 8 cents/b (0.15%) higher at $52.13/b. The US on Tuesday imposed sanctions on Rosneft Trading SA, the Geneva-based subsidiary of the Russian state oil company, for supporting Venezuela’s oil sector by continuing to trade with sanctions-hit PDVSA, S&P Global Platts reported earlier. “Their Swiss trading arm has been Venezuela’s primary conduit for brokering cargoes, which find their way predominantly to refineries in India and China. So, throttling this Asian supply channel will provide some support for oil prices,” AxiCorp’s chief […]