U.S. crude futures firmed above $100 a barrel on Monday, supported by worries about escalating tensions in Ukraine and after prices snapped a fortnight of falls with a small rise last week.
U.S. crude for June delivery was up 16 cents at $100.15 a barrel by 0046 GMT after closing at $99.99 on Friday, 0.24 percent higher than the previous week. Brent crude climbed 31 cents to $108.20 a barrel from $107.89 on Friday.
Pro-Russian organizers of a referendum on self-rule for eastern Ukraine said 89 percent of people had voted in favor of splitting from Ukraine in Sunday’s polls.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.