Wednesday, 28 August 2013

Crude oil prices jump on Middle East fears - FT.com

Crude oil prices jump on Middle East fears - FT.com:

"Oil prices surged on Wednesday morning with US crude leaping to a two-year high as investors prepared for a possible western military strike on Syria.
Although Syria is not a major oil producer or transit point, investors fear that western intervention there could spill over into the rest of the region, potentially affecting oil supplies from other producers such as Iraq."

'via Blog this'

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