Oil prices up on Ukraine tensions

By
AFP
Oil prices up on Ukraine tensions
SINGAPORE: Oil prices rose in Asian trade Friday after Russia ordered new military exercises on the border with Ukraine in response to Kiev launching a deadly assault against pro-Kremlin rebels occupying a flashpoint town.

US benchmark, West Texas Intermediate for June delivery, was up two cents at $101.96 a barrel in mid-morning trade and Brent North Sea crude for June also climbed two cents to $110.35.