After the British parliament rejected a military strike against Syria, the chances of a military strike on Syria dropped giving a chance to investors to book profits after prices hit multi-month highs earlier this week when the US and UK started preparing for a military strike.
UK’s decision leaves President Barak Obama exposed, complicating his efforts of convincing his own people, and emphasizes the role of the French, the Turks if the UN inspectors find Bashar al-Assad’s regime responsible for last week’s chemical attack on civilians.
- Crude is trading around $107.65 a barrel after falling $1.15.
- Brent is trading around $114.59 a barrel after falling $0.57.
Crude is on track to rise for a third month in August, supported by geopolitical tensions in the Middle East and supply disruption from Iraq to Libya, but once the Middle Eastern tension start easing crude may be seen below $100-mark as fundamentals do not support.
Adding to the downside pressures on crude prices was a report by the International Energy Agency released Thursday saying that “oil markets were currently well supplied” and did not warrant any action by the West`s energy watchdog despite a recent spike in prices.
“Market participants are starting to become a bit concerned over higher oil prices and the potential impact on the recent global economic recovery”, said analysts at ANZ.
- Natural gas is trading at $3.641 per cubic feet after rising 0.64%.
- Gasoline is trading at $3.0492 per cubic feet after falling 0.56%.
- Heating oil (diesel) is trading at $3.1788 a gallon after falling 0.19%.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Oil Falls As Supply Worries Ease, UK Rejects Syria Action
Published 08/30/2013, 05:19 AM
Updated 07/09/2023, 06:31 AM
Oil Falls As Supply Worries Ease, UK Rejects Syria Action
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.