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US-Russian agreement over Syria brings oil under $107

Posted on 18 September 2013

The diplomatic rabbit that Russia pulled out of its hat (actually out of John Kerry’s hat) by suggesting that Syria could hand over its chemical weapons to an international body and thus avoid US air strikes on pro –government targets has injected some badly needed confidence – and temporary stability in the Middle East oil markets.
The news of a US-Russian agreement reached in Geneva regarding Syria’s chemical weapons arsenal by US Secretary of State John Kerry and his Russian counterpart Foreign Minister Sergei Lavrov along with the picture showing the two diplomats getting along in a very cordial manner was well received by the oil markets………………………………………..Full Article: Source


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VRS - who has written 38561 posts on Opalesque Commodities Briefing.


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