Wednesday, 4 September 2013

Attack could lead to oil release, say analysts - FT.com

Attack could lead to oil release, say analysts - FT.com:

"Expectations are growing in the oil market that a release of crude from the US Strategic Petroleum Reserve would be likely if prices rose significantly above $120 a barrel after a US-led attack on Syria.
A US strike against the regime of Bashar al-Assad is not expected to have any direct effect on oil supplies, but a release from oil reserves would be used to counter any disruption that hits oil-producing countries or trade routes.
A move is not seen as imminent with internationally traded Brent crude at Wednesday’s levels of about $115 per barrel."

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