Crude oil futures recover from last week’s decline

Crude oil futures have made some recovery from their last week’s decline, as amid the escalating Ukraine crisis the US has said that it will impose more sanctions on Russia, the world’s biggest energy exporter. Meanwhile, representatives of the 28 European Union nations will be meeting today to widen a list of people subject to asset freezes and travel bans. Among those that may be targeted are Igor Sechin, chief executive officer of OAO Rosneft, the country’s biggest oil producer. Benchmark crude oil futures for June delivery rose by 35 cents to $100.95 a barrel in electronic trading on the New York Mercantile Exchange. In London, Brent for June delivery climbed 28 cents to $109.86 a barrel on the ICE.