Oil prices changing after US targets Syria Back ->

Time: 2018-01-19

Light, sweet crude oil for May delivery on the New York market rose 55¢ to settle at $51.70/bbl on Apr. 6. Oil prices changing traded sharply higher in New York and London overnight after reports the US launched a missile attack on Syria.

Two US warships in the Mediterranean Sea launched nearly 60 Tomahawk missiles late Apr. 6 in response to a chemical attack in Syria for which US officials blame the Syrian government although Syrian officials deny launching the strike.

Analysts said it’s too early to tell how long geopolitical tensions about Syria might influence oil prices changing. Syria isn’t a large oil producer but is located close to large oil-producing countries,” There will have an oil prices changing. “Fears exist that unrest spreads to the neighboring countries, causing supply disruptions and gas & oil prices changing.”

The crude oil contract for May delivery on the New York Mercantile Exchange gained 55¢ on Apr. 6 to close at $51.70/bbl while the oil prices changing of June contract rose 53¢ to $52.13/bbl.

The Brent crude contract for June on London’s ICE gained 53¢ to $54.89/bbl. The oil prices changing of July contract was up by 54¢ to $55.17/bbl. The gas oil contract settled at $483.25/tonne, up $2.25.