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FUNDAMENTALS
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U.S. crude for May delivery was up 30 cents at $104.04 per barrel
by 0000 GMT, after finishing 34 cents higher on Friday.
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Ukraine has given pro-Russian separatists a Monday morning
deadline to disarm or face a "full-scale anti-terrorist operation"
by its armed forces, raising the risk of a military confrontation
with Moscow.
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Iran on Saturday rejected a U.S. decision to deny a visa for its
newly appointed ambassador to the United Nations, pledging to take
up the case directly with the world body in a dispute that has
reopened old wounds dating to the 1979 Islamic Revolution.
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Iran's crude oil exports have surged to their highest in 20
months, far exceeding a 1 million barrel-per-day limit set by the
West under an interim deal on curbing Tehran's nuclear program,
according to the International Energy Agency.
MARKETS NEWS
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The safe-haven yen started the week on a firm footing and Asian
shares braced for more losses on Monday after a dismal week on Wall
Street.
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The euro got off to a shaky start on Monday after the European
Central Bank fired another warning shot at bullish investors, saying
it will be forced to ease monetary policy further if the currency
keeps going up.
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U.S. stocks slid in a volatile session on Friday, with the Nasdaq
closing below the 4,000 mark for the first time since early
February.
[to top of second column] |
DATA/EVENTS
* The following data is expected on Monday: (Time in GMT)
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0900 Euro zone Industrial production Feb
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1230 U.S. Retail sales March
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1400 U.S. Business inventories Feb
(Reporting by James Topham;
editing by Richard Pullin)
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