SEOUL, April 8 U.S. oil futures hovered around
$100.80 a barrel on Tuesday in early Asian trade in the wake of
renewed tensions over Ukraine, a major supply route for Russian
gas to Europe, although the rise was capped by expectations of a
U.S. crude oil stock build.
* U.S. crude for May gained 36 cents to $100.80 a
barrel as of 0015 GMT after it settled down 70 cents at $100.44.
* May Brent crude rose 14 cents to $105.96 a barrel
after it settled down 90 cents at $105.82.
* Pro-Moscow protesters in eastern Ukraine seized arms in
one city and declared a separatist republic in another, in moves
Kiev described as part of a Russian-orchestrated plan to justify
an invasion to dismember the country.
* Kiev said the overnight seizure of public buildings in
three cities in eastern Ukraine's mainly Russian-speaking
industrial heartland were a replay of events in Crimea, the
Black Sea peninsula Moscow seized and annexed last month. The
United States said on Monday sanctions are beginning to have an
impact on Russia's economy.
* The rise in the oil prices was capped by hopes over easing
tension between Iran and the west as the OPEC member said it
hopes enough progress will be made this week to enable
negotiators to start drafting by mid-May a final accord to
settle a long-running dispute over its nuclear programme.
* The Islamic Republic and six world powers will hold a new
round of talks in Vienna on Tuesday and Wednesday intended to
reach a comprehensive agreement by July 20 on how to resolve a
* U.S. commercial crude oil stockpiles were expected to have
risen last week, while inventories of refined oil products
likely slipped, a preliminary Reuters poll of four analysts
showed on Monday.
* The survey, taken ahead of weekly inventory reports from
industry group the American Petroleum Institute (API) and from
the U.S. Department of Energy's Energy Information
Administration (EIA), showed crude stocks rising 1.9 million
barrels on average for the week ending April 4.
* Wall Street stocks slumped on Monday, extending a broad
retreat in global equities markets from a six-year high touched
last week, while U.S. Treasuries' yields moved lower.
* The dollar lost 0.25 percent against a basket of six major
currencies, and the euro rose 0.3 percent to $1.3742
, as comments by European Central Bank policymakers curbed
expectations of more euro zone economic stimulus and boosted the
euro against the greenback.
* The following data is expected on Tuesday:
DATA AHEAD (GMT)
0645 France Trade balance Feb
1130 U.S. NFIB business optimism March
1145 U.S. Weekly ICSC chain store sales
(Reporting by Meeyoung Cho; Editing by Richard Pullin)