Washington, March 18, (dpa-AFX/GNA) – Oil prices headed back towards $110 a barrel on Friday, as the conflict in Ukraine continued with little sign of progress, towards a negotiated end to the fighting.
Brent crude futures for May delivery rose 1.3% to $108.05 per barrel, while West Texas Intermediate crude futures for April settlement were up 1.6% at $104.61.
Despite resuming its advance, oil is considerably below its 14-year highs of about $130 a barrel reached less than two weeks ago.
GNA