Oil futures are up this morning, but with Brent still well short of April highs and WTI just above $100 a barrel in a well-supplied market. June Brent crude is up 94 cents, or 0.87%, at $108.70 on ICE Futures Europe. U.S. crude futures for June are up 61 cents, or 0.61%, at $100.03 on the New York Mercantile Exchange. “We began April with the fall-out from the annexation of Crimea and Libyan production uncertainties hanging over the market and we have ended it in exactly the same places with an extra twist,” said David Hufton at oil brokerage PVM. The difference between Friday and the start of the month is that the situation in Ukraine has worsened, despite some attempts at diplomatic solutions. Meanwhile, the “twist” in the case of Libya is that Marsa al Hariga, where Sarir crude oil is loaded, has re-opened and […]