Crude makes a positive start after two days of fall

Crude oil futures have made a positive start in early Asian trade on Monday, moving higher after two consecutive days of decline. The prices have got the support from speculation that increased tension in Ukraine may disrupt oil supplies from Russia, the world’s biggest energy exporter. Meanwhile, pro-Russian groups hailed a large majority in favor of secession in a referendum that was dismissed as illegitimate by Ukraine’s government and its US and European allies. Benchmark crude oil for June delivery was 10 cents higher at $100.09 a barrel in electronic trading on the New York Mercantile Exchange. In London, Brent for June settlement gained 47 cents to $108.36 a barrel on the ICE.