Monday, 23 Apr 2018

News Unit: Relative drop in oil prices after the triple strike on Syria

Oil prices fell on Monday by about 1% after a triple strike on Syria, while prices were under additional pressure as drilling activities increased in the United States. As of 06:49 GMT, Brent crude fell 1.14% to $ 71.75 a barrel, while US crude fell by 1.01% to $ 66.71 a barrel. “After the attack on Syria, oil prices fell slightly, but the impact,” said Sukrit Vijayakar, director of energy consultancy Trevkata, said: “The Asian markets started cautiously after the strikes on Syria with relative relief after the escalation appeared unlikely. Seems limited and contradictory. ” “Investors are still worried about the impact of a broader conflict in the Middle East,” ANZ said. US oil companies added seven oil excavators in the week ending April 13, bringing the total number of workstations to 815, the highest level since March 2015. Nevertheless, Brent is still up more than 16% from a record low of 2018 in February due to strong demand, conflicts and tensions in the Middle East. Source: Reuters Fred Geerley

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