Oil Prices Rise on Potential Conflict with Syria

Oil prices jumped to an 18-month high as the financial markets ponder the impact of a U.S. or NATO action in Syria.

The question that looms is: How will supply, particularly through the Suez Canal, be impacted?

A quick look at the numbers is telling. October crude futures surged 2.9%, to $109.01 a barrel on the New York Mercantile Exchange. Brent futures were up 3.2% at $114.28 a barrel, a six-month high.

These developments follow stern words by U.S. Secretary of State, John Kerry.

Category: Fuel & Oil, General Update