Brent climbs above $108 on renewed Ukraine tensions

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* Ukraine could push Brent to $111, U.S. crude to $102 - analyst * Saudi's Naimi says would supply oil to overcome any shortages * EU could strengthen sanctions over Ukraine By Keith Wallis SINGAPORE May 12 (Reuters) - Brent crude futures firmed above $108 per barrel on Monday, supported by renewed tensions in Ukraine, where the conflict looks increasingly out of control and heightening the risk of disruption to energy supplies. Pro-Moscow rebels claimed a resounding victory in Sunday's referendum on self-rule for eastern Ukraine with nearly 90 percent voting in favour. \"If we see there's more escalation in Ukraine it will support U.S. prices back up to $102 this week. If U.S. is $2 more than the current price, Brent will be $2.50-$3 more,\" said Jonathan Barratt, chief executive of Sydney-based commodity research firm Barratt Bulletin.

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