Brent crude oil is trading slightly lower Wednesday after tension surrounding Ukraine pushed the price up by almost $2 in the previous session. Fundamental factors of increasing supply at a time of low demand are keeping prices in check, but geopolitical issues are still be having a supportive effect. Brent crude for May delivery was down 13 cents at $107.54 a barrel on ICE Futures Europe. U.S. crude-oil futures were down 32 cents at $102.24 a barrel on the New York Mercantile Exchange. Tuesday, the Brent crude price rose to close up $1.85, to a seven-session high, while West Texas Intermediate climbed $2.12 to a one-month high. “Geopolitical concerns surrounding Ukraine which were heating up the market at the start of March appear to have made something of a comeback,” said JBC Energy analysts in a note to clients. But the gradual return of Libyan crude, […]