Oil jumps to $ 72 to strain Syria

 

Oil prices jumped to their highest level in more than three years during trading on Wednesday, on the rise of the escalation of international tensions over Syria.

Brent crude futures and Brent crude were trading at the highest levels since 2014, according to Reuters.

Geopolitical concerns have overshadowed global crude stocks as a major market driver.

Brent crude jumped 2 percent to $ 72.46 a barrel, its highest level since early 2014 after US President Donald Trump threatened to fire rockets into Syria in response to allegations of a chemical attack on the Syrian city of Damascus earlier this week.

US crude <CLc1> rose 2.8 percent to $ 67.45 a barrel.

Source: Alforat News

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