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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices rise as Russia promises to aid Syria in case of attack

Posted on 09 September 2013

“Will we help Syria? We will!” The statement made by Russian President Vladimir Putin to help its long-time ally in the case of an attack, caused global oil markets to tremble, and saw West Texas intermediate crude rise for the second day in a row.
Traders became fearful that such a declaration of intent is a sign of increasing tensions, and an indication that some form of conflict with the potential to disrupt Middle East oil exports, is imminent………………………………………..Full Article: Source


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