Middle East Tensions dominant oil prices

► For the whole week, crude oil prices in New York rose cargo floor is 1.9% ...

According to market analysts, the main reason oil prices go up in the last session, is due to the war situation in Syria.

The trading international commodities last week (14/6), the world price of crude oil futures contracts surged, as investors worry amid the tensions escalating in the oil-rich region - Middle East.

Specifically, the session ended, sweet crude, lightweight July delivery on the New York commodities gained $ 1.16, corresponding to 1.2%, to $ 97.85 per barrel. The highest price of the day of crude, according to FactSet, is $ 98.25, highest in the last 9 months.

London merchandise on the floor, sweet crude, Brent North Sea light delivery in August rose 98 cents to $ 105.93 per barrel. In the last few trading sessions, New York oil prices and Brent North Sea Dilemma together constantly. Thus, the difference between the contract price of crude oil is not large fluctuations.

According to market analysts, the main reason oil prices go up in the last session, is due to the war situation in Syria, the U.S. is considering imposing a no-fly zone in Syria, after President Barack Obama decided to armed insurgency.

Decision arming Syrian rebels came after the White House announced that it has concluded there is evidence of force Syrian President Bashar al-Assad using chemical weapons against the opposition. Mr. Obama has said many times, if the Syrian government used chemical weapons shall be considered above the "red boundaries".

Mr. Ben Rhodes, deputy national security adviser of the U.S. President Barak Obama said, U.S. intelligence was based on field reports, the description of the clinical symptoms of the victim and the sample taken from the victims to conclude that Syrian government forces had used chemical weapons

Also on 14/6, the Syrian Foreign Ministry said the U.S. was lying about the use of chemical weapons for an excuse to intervene in the civil war lasted two years in the Middle Eastern country. Not only is Syria, a number of other countries, especially Russia, have also spoken out against the conclusions of the United States.

He Alesei Pushkov, head of the foreign policy committee of the House of Representatives, said the Russian, the information on the forces of Syrian President Assad using chemical weapons was fabricated, and that the U.S. will use this information to justify intervention in the conflict in Syria.

According to the analyst, the Middle East's oil sector more. If the area of ​​conflict, with the involvement of external forces, the ability to market more energy will be coerced. However, some have argued that, as long as the Middle East is not clear news, oil prices will fluctuate at 94-95 dollars.

Yesterday (14/6), in addition to political factors in the Middle East, the oil market was affected by mixed economic reports in the U.S.. Specifically, the U.S. Labor Department said producer prices in the U.S. were better than expected, while industrial output did not reach expectations. Consumer Confidence Index fell in June.

Also on the floor of the New York Commodity Exchange, ended last week, the price of natural gas delivered in July fell 8 cents, or 2.1%, respectively, down $ 3.93 / million BTU. Gas prices up 4 cents at term, respectively 1.4%, to $ 2.90 / gallon, heating oil rose 2 cents, equivalent to 0.7%, to $ 2.96 per gallon.