Brent Oil Holds Above $109.50 on Ukraine Tensions

Brent futures held above $109 a barrel on Friday as fresh tensions over Ukraine kept them on course for their biggest weekly rise since mid-April, but returning Libyan supply capped gains.

U.S. crude futures were also heading for their best week in five, bolstered by data indicating the U.S. economy could be firming.

U.S. Secretary of State John Kerry warned Russia it faced broader economic and industrial sanctions from the United States and Europe if it meddled in Ukraine’s presidential elections on May 25.

CNBC

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