Warning for Sky-high oil price as the fear of an American strike on Syria makes the market wobbly
Wednesday, 28 August 2013
The chances that the US and its allies could take military action against Syria have continued to shake up global markets. In relations of commodities, oil price, which has exploded this week stabilised on Wednesday afternoon.
Therefore, should there be military action against Syria, the effects would spread across the region, causing supply disruptions from major oil producers like Iraq, and then Brent oil price touched $150 per barrel.
Details about the look of the oil market in the shadows of a possible military action on Syria is reported here by Reuters.