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US strike on Syria has led to a spike in oil prices



According to CNN, at the opening of trading on the markets in Asia on Friday morning the value of the futures contracts for U.S. crude oil increased by 2%.



14.Apr.17 4:14 AM
By Christina Orlina
Photo Toinnov.com

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US strike on Syria has led to a spike in oil prices
Previously, the futures price of Brent crude oil on the ICE exchange in London grew by 1.5% and was $56.05 per barrel for the first time since March 7, 2017, surpassing the mark of $56.
The US strike on Syria led to a jump in oil prices on world markets. According to CNN, at the opening of trading on the markets in Asia on Friday morning the value of the futures contracts for U.S. crude oil increased by 2%.

"Geopolitics is often a major force in the oil markets, - said analyst Greg McKenna. - The US attack on the regime supported by the Russians, and in the country where Iranians are active, who also support the regime that has the potential to cause further political turmoil".
Uncertainty and anxiety will be in the near future to push prices up, the expert said.

On Thursday evening, the U.S. announced the strikes with cruise missiles at the airfield in Syria, where, according to American data, a recent blow was dealt with the use of chemical weapons.

Earlier it was reported that the cost of the futures on Brent crude oil with delivery in June 2017 in the course of trading on the ICE exchange in London grew by 1.5% and was $56.05 per barrel. In recent times the price of this oil hovered above $56 per barrel on 7 March 2017.

The Ministry of Economic Development has announced the forecast of growth of oil production in Russia up to 553 million tons in 2018-2020, it is a new macroeconomic forecast of the Ministry for 2017-2020. Russia is involved in the transaction to reduce oil production from OPEC, which pledged to reduce production from January 1 this year to 300 thousand barrels per day to October 2016, or 2.7%. The production fell by 156 thousand barrels in March.



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