FACTBOX: Oil futures cross $110/b as Middle East conflict hits production

Crude oil futures extended gains in midmorning trading in Asia on March 9, driven by mounting supply risks as key producers cut output amid the Middle East conflict. At 11:23 am Singapore time (0323 GMT), the ICE May Brent crude futures contract rose $21.59/b (23.29%) from the previous close to $114.28/b, while the NYMEX April light sweet crude contract rose $23.25/b (25.58%) to $114.15/b over theCrude oil futures extended gains in midmorning trading in Asia on March 9, driven by mounting supply risks as key producers cut output amid the Middle East conflict. At 11:23 am Singapore time (0323 GMT), the ICE May Brent crude futures contract rose $21.59/b (23.29%) from the previous close to $114.28/b, while the NYMEX April light sweet crude contract rose $23.25/b (25.58%) to $114.15/b over theRead More