Oil futures logged their first session gain in three, with the U.S. benchmark settling above $100 a barrel on continued uncertainty in Ukraine, though news that Saudi Arabia has said it could step in to make up for any shortages resulting from the turmoil kept the price rise in check.
Crude oil for June delivery CLM4 +0.01% rose 60 cents, or 0.6%, to settle at $100.59 a barrel on the New York Mercantile Exchange. Prices had tallied a decline of 0.8% over the past two trading sessions.
June Brent futures UK:LCOM4 +0.04% , the European benchmark, also rose 52 cents, or 0.5%, to $108.41 a barrel on the ICE Futures exchange.
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June Brent futures UK:LCOM4 +0.04% , the European benchmark, also rose 52 cents, or 0.5%, to $108.41 a barrel on the ICE Futures exchange.
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