Oil prices rise on supply concerns as Ukraine crisis deepens

Brent futures LCOc1 were up US$1.50, or 1.3%, at $113.20 a barrel at 0030 GMT, and U.S. West Texas Intermediate futures CLc1 rose 98 cents, or 0.9%, to $107.93 a barrel.

TOKYO: Oil prices rose on Monday as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.

Brent futures LCOc1 were up US$1.50, or 1.3%, at $113.20 a barrel at 0030 GMT, and U.S. West Texas Intermediate futures CLc1 rose 98 cents, or 0.9%, to $107.93 a barrel.