You are here: Home » Reuters » News
Business Standard

Oil markets tense after western strikes on Syria, rising U.S. drilling weighs

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil fell more than 1 percent on Monday as markets opened following western air strikes in Syria over the weekend, while a rise in U.S. drilling for new production also dragged on prices.The United States, France and Britain launched 105 missiles on Saturday, targeting what they said were three chemical weapons facilities in Syria in retaliation for a suspected poison gas attack in Douma on April 7.Brent crude oil futures were at $71.78 per barrel at 0643 GMT, down 80 cents, or 1.10 percent, from their last close.U.S. West Texas Intermediate (WTI) ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, April 16 2018. 12:39 IST