Oil prices rise amid Turkey-Syria tensions

Benchmark oil for November delivery was up 48 U.S. cents to US$91.73 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell US$1.14 to finish at US$91.25 per barrel on the Nymex on Wednesday after some mixed economic signals.

Brent crude, used to price international varieties of oil, rose 86 cents to US$115.19 on the ICE Futures Exchange in London.

Turkish jets on Wednesday forced a Syrian passenger plane to land at Ankara airport on suspicion that it might be carrying weapons or other military equipment to support the regime of President Bashar al-Assad in its civil war against Syrian rebels.

Escalating tensions between the two former allies are “one of the things that are keeping oil prices somewhat firm to stronger,” said Ric Spooner, chief market analyst at CMC Markets in Sydney.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	IMF chief Christine Lagarde urges action in tackling euro crisis

NEXT ARTICLE
Gold ends run of declines but tough days loom

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit