Crude oil prices on the heat in Syria

► Tension in Syria as well as in Turkey is that the world price of crude oil rose to its highest level in several months ...

Trading session on 18/6, sweet crude, slightly over July in New York increased cargo floor is 67 cents, representing a 0.7%, to $ 98.44 per barrel.

Oil futures rose sharply in trading on 18/6, due to the impact from supply report weekly American Petroleum Institute and the tense situation in the Middle East has escalated sharply over signs.

Trading session on 18/6, sweet crude, slightly over July in New York increased cargo floor is 67 cents, representing a 0.7%, to $ 98.44 per barrel. After the market closed, the American Petroleum Institute released a report showed U.S. crude supplies fell sharply last week. This helped oil prices on the electronic board transactions increased by 22 cents to $ 98.62 / barrel.

On the cargo floor London, Brent North Sea crude for August delivery rose 11 cents, equivalent to 0.1%, to $ 106.13. The time gap between New York and Brent crude oil is still more than 7 dollars.

Specifically, as reported by the American Petroleum Institute, U.S. crude supplies for the week ending on 14/6 has recently decreased 4.3 million barrels, while analysts surveyed by Platts in the forecast for a 1 million barrels. According to the institute's report, gasoline supplies rose 900,000 barrels in the week, down 600,000 barrels preparations, in contrast to forecasts of analysts.

Currently investors are closely monitoring the official figures will be the Energy Information Agency of the U.S. Department of Energy announced today (U.S. time). The report published last week by the American Petroleum Institute and the U.S. Energy Information Administration showed rising supplies. This has an adverse impact on the psychology of investors in the energy market.

Another reason is also a strong impact on crude oil trading session 18/6 is the tense situation in Syria, after the United States last week announced it would increase aid to the Syrian rebels fighting the government of President Bashar al-Assad's lasted this long. Futures on the U.S. market has risen 1.2% since the U.S. has this sudden move.

Currently many investors fear a civil war in Syria will spread to other areas in the Middle East. Talking to the press yesterday in Northern Ireland, Russian President Putin stated that it does not exclude the possibility of implementation of a new arms transfer to Syrian authorities. He warned Western countries that transfer weapons to Syrian rebels will one day backfire.

Tensions in Syria as well as in Turkey is that the world price of crude oil rose to its highest level in several months. Although the two countries are not among important oil-producing countries, but Syria and Turkey have an important role in the peace and stability of the entire Middle East region, thus affecting the level of transactions energy is very large.

Regarding the U.S. economy, yesterday, meeting two-day policy of the U.S. Federal Reserve Board has officially started. According to many analysts, even though the U.S. economy is increasingly recovering, but very likely the U.S. Federal Reserve continues to maintain the quantitative easing policy, including bond purchase plan worth $ 85 billion each month.

Also on the New York Mercantile Exchange on 18/6, gasoline prices in July delivery gained 2 cents, equivalent to 0.7% to closed at $ 2.88 per gallon. Heating oil futures contracts and also increased 1 cent, corresponding to 0.3%, closing the day up $ 2.96 per gallon. Price of natural gas increased 2 cents in July, corresponding to 0.5%, up to $ 3.90 / million BTU.