Oil Price Rise After US Strike on Syria

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The price of oil has hit its highest level for a month in response to the US military’s missile attack on a Syrian government airbase.

The price of Brent crude surged above $56 a barrel before easing slightly.

Syria has limited oil production, but its location in the Middle East and alliances with big oil producers raised worries about a spreading conflict that could disrupt crude shipments.

European stock markets, which open shortly, are expected to show falls.

Other asset classes seen as havens in times of trouble also made gains. Gold prices were up 1.25% at $1,253.75 an ounce.

The dollar’s performance was mixed, falling slightly against the dollar, sterling and yen, but holding its value against many other currencies.

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Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

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