Crude oil futures were steady to higher in midmorning Asian trade March 25 as supply concerns eased after the US and European partners failed to reach an agreement on sanctioning Russian energy. At 11:44 am Singapore time (0344 GMT), the ICE May Brent futures contract was up 22 cents/b (0.18%) from the previous close at $119.25/b, while the NYMEX May light sweet crude contract fell 3 cents/b (0.03%) at $112.31/b. EU leaders did not take any immediate decision to curb Russian imports of oil and gas following back-to-back emergency meetings of NATO, the G-7 and the European Council in Brussels attended by US President Joe Biden. Crude oil futures had settled lower around 2% in overnight trading March 24 in response. “Oil is trading a touch lower after EU leaders could not table unanimous support for a […]