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Oil Spikes as U.S. Strike Against Syria Roils Global Markets

Posted by Chris Advincula on Apr 7, 2017 6:53:33 AM

 

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- Gains may be temporary if military action contained: Nomura

- U.S. missile launches follow Syrian gas attack on civilians

(April 6 Bloomberg) Oil jumped as the U.S. cruise-missile attack against Syria roiled global financial markets.

Futures in New York and London surged more than 2 percent to the highest in a month. The strike early Friday morning targeted hangars, planes and fuel tanks at one Syrian military airfield, according to a U.S. official. Syria borders Iraq, OPEC's second biggest crude producer. The news rippled across financial markets, with the yen and gold advancing as stocks declined.

Click on the link below to see the full story from Bloomberg.: (by Ben Sharples and Angelina Rascouet)

Oil Spikes as US Strike Against Syria Roils Global Markets 

 

Topics: WTI, USOIL, Global Markets, SYRIA

 

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