The Quotes are Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.

Market News


Warning for Sky-high oil price as the fear of an American strike on Syria makes the market wobbly

Wednesday, 28 August 2013
The chances that the US and its allies could take military action against Syria have continued to shake up global markets. In relations of commodities, oil price, which has exploded this week stabilised on Wednesday afternoon.

oil price
Therefore, should there be military action against Syria, the effects would spread across the region, causing supply disruptions from major oil producers like Iraq, and then Brent oil price touched $150 per barrel.

Details about the look of the oil market in the shadows of a possible military action on Syria is reported here by Reuters. Team

 We welcome your contribution. Did you find anything wrong with this article? Do you want to contribute to our    news network? Do have a news tip or assist us with a correction? 

Print Friendly and PDF