Crude prices up after escalation in Ukraine crisis

SINGAPORE: Oil prices rose in Asian trade Tuesday on concerns over a dramatic escalation in the Ukraine crisis that could potentially cause a disruption in gas supply and send energy prices soaring, analysts said.

US benchmark, West Texas Intermediate (WTI) for delivery in July, rose two cents to $104.37 in late-morning trade while Brent North Sea crude for July delivery rose 23 cents to $110.55 per barrel