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.
Scancomark.com Team
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