Oil prices rise in Asia trade Monday after Ukraine vote


New York's main contract, West Texas Intermediate (WTI) was up nine cents to $100.08 for June delivery in mid-morning Asian trading, while Brent North Sea crude for June gained 32 cents to $108.21 per barrel.

"With the risk of escalating geopolitical tensions in and around Ukraine... oil supplies could be disrupted," said Desmond Chua, market analyst at CMC Markets in Singapore.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read