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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices rise, but gas is a different story

Posted on 29 August 2013

Oil prices are spiking on Syria tensions and oil outages across the broader region, but that doesn’t mean gasoline prices will follow suit. U.S. oil prices have soared nearly 8% in the last week alone, touching $112.24 a barrel in overnight trading — their highest level in over two years.
The fear is that Western intervention in Syria over that country’s suspected use of chemical weapons could engulf major oil producing countries in the region such as Iraq or Iran………………………………………..Full Article: Source


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