Oil prices hit a one-month high on Friday after the United States attacked a Syrian government airbase, sending shockwaves through global markets and raising concerns of the conflict spreading in the oil-rich region.
The toughest U.S. action yet in Syria's six-year-old civil ramped up geopolitical uncertainty in the Middle East. Oil, gold, foreign exchange, German and U.S. 10-year bonds, all reacted strongly to the air strikes. Brent crude futures LCOc1 were up 88 cents at $55.77 a barrel at 0827 GMT, the highest since March 8, after reaching an intra-day high of $56.08 a barrel shortly after the overnight air strikes were announced.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 85 cents at $52.55 a barrel, having reached a intra-day high of $52.94 a barrel.
Submitted April 07, 2017 at 06:22AM by MartEden http://ift.tt/2ogfsMe
