OIL FUTURES: Crude jumps as markets weigh Russia sanctions, Ukraine conflict

0825 GMT: Crude oil futures jumped Feb. 28 in early London trading as markets weighed the impact of tougher financial sanctions on Russia against reports of possible negotiations between Ukraine’s government and the Kremlin. May ICE Brent trading at $101.58/b at 0825 GMT, up $3.65/b from the previous settlement. Prices had clawed back slightly after ICE May Brent was trading…