Crude oil futures settled higher Friday, supported by ongoing geopolitical strife in Ukraine and concerns over the potential delay to production of Libyan oil. NYMEX June crude settled 52 cents higher at $102.02/barrel; ICE July Brent settled 66 cents higher at $109.75/b. The front-month Brent-WTI spread settled at $8.17/b, down from $8.94/b on Thursday. In products, NYMEX June ULSD settled at $2.9536/gal, up 30 points; NYMEX June RBOB ended 93 points higher at $2.9735/gal. “Ongoing concerns with Ukraine and ideas that there are troubles with the presidential election triggered geopolitical risk,” said Gene McGillian, analyst at Tradition Energy. Matt Smith, commodity analyst at Schneider Electric, said the crude complex showed modest buying interest as geopolitical tension in Ukraine left market participants loathe to sell lower. The United Nations warned Friday of an “alarming deterioration” of human rights in eastern Ukraine, where an armed insurgency by pro-Russian separatists is threatening […]