Oil rebounds as escalating Ukraine conflict raises supply concerns
SINGAPORE: Oil prices rebounded on Friday as the disruption of Russian oil exports because of western sanctions outweighed the prospect of more Iranian supplies from a possible nuclear deal.
Brent crude futures for May rose to as much as $114.23 a barrel and were at $113.72, up $3.26, or 3% by 0121 GMT. The contract fell 2.2% on Thursday.
