You are here: Home » Reuters » News
Business Standard

Oil rises on Syria tensions, up most in week since July

Reuters  |  NEW YORK 

By Jessica Resnick-AultNEW YORK (Reuters) - Oil prices rose on Friday, making the largest weekly gain since July, supported by concerns about the possibility of Western military action in Syria and reports of dwindling global oil inventories.The prospect of military action in Syria that could lead to confrontation with Russia hung over the Middle East but there was no sign a U.S.-led attack was imminent. Traders sought to lock in long crude oil positions ahead of the weekend, said John Kilduff, Partner at hedge fund Again Capital Management."The geopolitical jitters just keep getting priced ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Sat, April 14 2018. 03:13 IST