Crude oil futures rose during mid-morning trade in Asia March 5, even as a stronger US dollar slowed the rally triggered by the OPEC+ decision to keep production quotas largely steady in April. At 11:14 am Singapore time (0314 GMT), the ICE Brent May contract was up by 68 cents/b (1.01%) from the March 4 settle to $67.42/b, while the April NYMEX light sweet crude contract was up by 60 cents/b (0.94%) to $64.43/b. The overwhelmingly bullish sentiment in the oil market was held back slightly by the rapid appreciation in the US dollar, which made crude more expensive for buyers holding other currencies. At 11.00 am in Singapore, the March ICE US dollar index futures were trading at 91.670, up 0.801% from the March 4 settle. “The markets are on a bit […]