Crude-oil futures were marginally lower in Asian trading hours Monday as markets were weighed by the Ukraine crisis and oil demand fundamentals, especially with Chinese economic data in focus this week. On the New York Mercantile Exchange, light, sweet crude futures for delivery in May traded at $101.38 a barrel at 0553 GMT, down $0.29 in the Globex electronic session. May Brent crude on London’s ICE Futures exchange fell $0.21 to $107.86 a barrel. Both the oil benchmarks made significant gains last week, with Nymex WTI crude rising for two consecutive weeks and Brent crude snapping a four-week losing streak, in the backdrop of the standoff in Ukraine. No major progress was observed in weekend talks between U.S. Secretary of State John Kerry and his Russian counterpart on the Ukraine crisis, raising concerns that the situation may escalate. “Further support for Brent crude this week may come from potential […]