Syria fighting a strong impact on oil prices

► U.S. decision could push Syria into civil war in the conflict between the world powers ...

Earlier, oil prices have soared to levels at $ 98.74 / barrel in electronic trading table, the highest level since mid 9/2012.

The trading international commodities last night (17/6), the price of crude oil futures contracts have fluctuated sharply before easing later in the day, as investors worried about the instability evolution is happening in Syria.

However, closing the day at 17/6, the price of crude oil, light delivery in July on the floor New York Commodity Exchange eased 8 cents, equivalent to 0.1% to $ 97.77 per barrel. Earlier, oil prices have soared to levels at $ 98.74 / barrel in electronic trading table, the highest level since mid 9/2012, which some analysts predict oil prices could reach 100 USD this summer.

Meanwhile, on the floor of the London commodity, crude oil, Brent North Sea lightweight August delivery was up 6 cents, equivalent to 0.1%, to $ 105.53 per barrel. The previous trading session, the price of Brent crude oil has risen 98 cents. Currently the price difference between New York crude oil contract in July and Brent North Sea crude for August contract is still in the range of more than 7 dollars per barrel.

A decline in the price of oil began to appear after the Financial Times wrote that post, chairman of the U.S. Federal Reserve (Fed) Ben Bernanke will publicize the program to stop buying bonds monthly value $ 85 billion, when he conducted a press conference on 19/6. Article in the Financial Times has a strong impact on the global commodity markets, including the energy.

According to analysts, the global commodities market forces have received very good support from the program to stimulate growth of the central banks of the countries in the world and the impact they still exert advantage. The pause, slow down or completely cancel such programs, likely will drag the market down and strong impact on investor sentiment.

Besides economic issues the U.S., the world price of crude oil last night was affected by the war situation in Syria. Last week, crude oil prices have risen to $ 1.16, 1.2%, respectively, after the U.S. said it would increase aid to the rebels in the civil war in Syria. The U.S. Declaration of reaction faces a number of countries around the world, most notably in Russia.

The analyst said that the world price of crude oil is influenced in part by the geopolitical conflict. The decision of the United States could push Syria into civil war in the conflict between the world powers. Although Syria is not a key oil-producing countries, but a here when the war broke out, it is likely to spread to the oil-rich regions of the Middle East.

Expected that Russian President Vladimir Putin will discuss the Syrian situation with U.S. President Barack Obama during a meeting of world powers group 8 (G8) in Northern Ireland, which took place over two days 17 and 18/6. At this important meeting, representatives of the participating countries and is expected to make a statement about the crude oil stockpiles strategy, a market analyst said.

In relation to the situation in the Middle East, resulting in presidential vote in Iran, one of the largest crude oil producer in the world, has led many surprises. The victory of Mr. Hassan Rohani, a moderate clerics in the way of reform, is expected to bring significant moves positive and good for the Middle East region, which is always stressful because of disputes geopolitics.

Also on the floor of the New York Commodity Exchange version 17/6, gasoline fell 4 cents over July, corresponding to 1%, to $ 2.86 per gallon. Heating oil prices over the same period also fell slightly by 1 cent, to $ 2.95 per gallon. In contrast to the trend line, prices of energy commodities natural gas contract in July to increase to 15 cents, representing a 4% to $ 3.88 / million BTU.