Crude-oil prices Wednesday built on the sharp gains made in the previous session, ahead of U.S. stockpile data due later in the session. Brent crude for June delivery rose 0.4% to $109.81 a barrel on ICE Futures Europe, its highest price since April 29. “The Brent move may have been prompted by the deteriorating situation in Ukraine and/or the constant failure of promises of port re-openings in Libya to come through,” said David Hufton from brokerage PVM. The oil market is watching the situation in Ukraine for signs that sanctions will be extended into Russia’s energy sector. A reported restart of long-shut Libyan oil fields on Tuesday was met with skepticism. U.S. crude-oil futures were also up 0.4%, at $102.18 a barrel on the New York Mercantile Exchange. The price had risen above $102 Tuesday for the first time since April 29 on news that the U.S. government is […]