[ltr]Oil falls 1% because of Western strikes in Syria[/ltr]
[ltr]Economie[/ltr]
Since 2018-04-16 at 10:51 (Baghdad time)
[ltr]
[/ltr]
[ltr]Follow up of Mawazine News[/ltr]
[ltr]Oil fell 1 percent on Monday as markets opened in the wake of Western air strikes in Syria at the weekend, while prices were under additional pressure from increased US drilling.[/ltr]
[ltr]The United States, France and Britain fired 105 rockets on Saturday targeting what they said were three chemical weapons facilities in Syria in response to a suspected poison gas attack on Duma on April 7.[/ltr]
[ltr]By 0547 GMT, Brent crude futures were at 73.85 dollars a barrel, down 73 cents, or 1 percent, from the previous close.[/ltr]
[ltr]US crude <LCOc1> was down 57 cents, or 0.9 percent, at $ 66.82 a barrel.[/ltr]
[ltr]Traders said Asian markets had cautiously started after Western strikes with some relief after the escalation seemed unlikely.[/ltr]
[ltr]"In the wake of the coordinated attack on Syria, oil prices have fallen slightly," said Sucrit Vijayakar, director of energy consultancy Trevkata. "But the impact seems limited and irreversible."[/ltr]
[ltr]Oil markets have come under increasing pressure from an increase in state drilling activities.[/ltr]
[ltr]US energy companies added seven oil refineries to pump new production over the week ending April 13 to a total of 815, the highest level since March 2015, Baker Hughes Energy Services said on Friday.[/ltr]
[ltr]However, Brent is still up more than 16 percent from its record low of 2018 in February due to strong demand, conflicts and tensions in the Middle East.[/ltr]
[ltr]Syria is not a major oil producer, but the Middle East in general is the world's top exporter of crude, and tensions in the region are often a concern for world oil markets.[/ltr]
[ltr]"Investors are still concerned about the impact of a wider conflict in the Middle East," ANZ Bank said.[/ltr]
https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
[ltr]Economie[/ltr]
Since 2018-04-16 at 10:51 (Baghdad time)
[ltr]

[ltr]Follow up of Mawazine News[/ltr]
[ltr]Oil fell 1 percent on Monday as markets opened in the wake of Western air strikes in Syria at the weekend, while prices were under additional pressure from increased US drilling.[/ltr]
[ltr]The United States, France and Britain fired 105 rockets on Saturday targeting what they said were three chemical weapons facilities in Syria in response to a suspected poison gas attack on Duma on April 7.[/ltr]
[ltr]By 0547 GMT, Brent crude futures were at 73.85 dollars a barrel, down 73 cents, or 1 percent, from the previous close.[/ltr]
[ltr]US crude <LCOc1> was down 57 cents, or 0.9 percent, at $ 66.82 a barrel.[/ltr]
[ltr]Traders said Asian markets had cautiously started after Western strikes with some relief after the escalation seemed unlikely.[/ltr]
[ltr]"In the wake of the coordinated attack on Syria, oil prices have fallen slightly," said Sucrit Vijayakar, director of energy consultancy Trevkata. "But the impact seems limited and irreversible."[/ltr]
[ltr]Oil markets have come under increasing pressure from an increase in state drilling activities.[/ltr]
[ltr]US energy companies added seven oil refineries to pump new production over the week ending April 13 to a total of 815, the highest level since March 2015, Baker Hughes Energy Services said on Friday.[/ltr]
[ltr]However, Brent is still up more than 16 percent from its record low of 2018 in February due to strong demand, conflicts and tensions in the Middle East.[/ltr]
[ltr]Syria is not a major oil producer, but the Middle East in general is the world's top exporter of crude, and tensions in the region are often a concern for world oil markets.[/ltr]
[ltr]"Investors are still concerned about the impact of a wider conflict in the Middle East," ANZ Bank said.[/ltr]
https://translate.google.com/translate?sl=auto&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.mawazin.net%2F%D8%A7%D9%84%D8%AC%D8%A8%D9%88%D8%B1%D9%8A-%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A7%D9%84%D9%89-%D8%A7%D9%8A%D8%B1%D8%A7%D9%86-%D8%A8%D9%86%D8%A7-%D8%B9%D9%84%D9%89-%D8%AF%D8%B9%D9%88%D8%A9-%D8%B1%D8%B3%D9%85%D9%8A%D8%A9%2F%D8%B3%D9%8A%D8%A7%D8%B3%D9%8A%D8%A9&edit-text=
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