Oil prices eased in subdued post-holiday Asian trade Monday, but retained support from the escalating Ukraine crisis following a deadly gunfight over the weekend, analysts said. 

New York's main contract, West Texas Intermediate for May delivery, dipped 13 cents to $104.17 in afternoon trade and Brent North Sea crude for June eased 42 cents to $109.11 a barrel.

The yen was weaker against the dollar and the euro in quiet Asian trade Monday after data showed Japan's trade deficit quadrupled year-on-year in March.

The greenback fetched 102.52 yen in Tokyo afternoon trade, up from 102.46 yen Friday, while the euro was up at 141.66 yen from 141.46 yen. The single currency drifted lower to $1.3817 from $1.3812.

Never mind the Ukraine crisis and Washington's sanctions against Moscow: U.S. automakers say the Russian market is their next big frontier.

Russia is simply too large and too important for carmakers to ignore, experts said this week.

Automaker Fiat-Chrysler said on Saturday that it would begin producing the iconic American brand Jeep in China from 2015 to meet demand in the world's largest car market.

Fiat-Chrysler -- created by Italy's Fiat acquiring Chrysler of the United States -- will produce three Jeep sport utility vehicle (SUV) models in China, including one specifically designed for the Chinese market, the company said in a statement.

Iran's crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said Friday.

Mansour Moazami, who holds the planning brief among the Islamic republic's five deputy oil ministers, said the numbers were 20 percent above forecasts and they would rise further.

The International Monetary Fund released a bailout payment of 851 million euros ($1.18 billion) to Portugal on Thursday as the debt-riddled country gets close to exiting its three-year IMF-European Union rescue.

The IMF executive board approved the payment, which brings the total amount disbursed under the program to 25.7 billion euros.

The dollar rose in quiet Asian trade Friday, winning support from positive U.S. jobs data and a deal between Russia and the West aimed at easing tensions in Ukraine.

The greenback fetched 102.48 yen in Tokyo, up from 102.39 yen in New York Thursday while the euro drifted lower against the dollar to $1.3811 from $1.3813.

Italy's cash-strapped government has raised more than 370,000 euros by selling 52 luxury cars owned by the state through online auction site eBay, the prime minister's office has said.

On the first day of sales, Rome managed to sell executive vehicles worth 371,400 euros ($513,000) from the sale of "auto blu" cars, the name given to those owned by ministers and state officials.

Demand for cars in Europe moved up another gear in March and struggling French group Peugeot Citroen did well, trade data showed on Thursday, but the market is still suffering badly from a recent slump.

Sales of new cars in the European Union surged by 10.6 percent last month on a 12-month comparison to a total of 1.45 million.

Japan's top steelmaker said Thursday it has built a system to make and ship the longest pieces of railway track in the world, extending to 150 meters (492 feet).

Nippon Steel & Sumitomo Metal said its extra-long rails are more durable than shorter ones that need to be welded together and can offer passengers a quieter, more comfortable ride.