Oil Drops As Syria Risk Seen Muted After Weekend Air Strikes



Oil Drops As Syria Risk Seen Muted After Weekend Air Strikes
Oil prices dropped as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.

"Oil is still holding relatively well and the mid-May Iranian deadline is going to be a bit of a subject for the next four weeks," Petromatrix strategist Olivier Jakob said.

(Additional reporting by Henning Gloystein and Roslan Khasawneh in Singapore and Amanda Cooper in London Editing by Louise Heavens and Matthew Lewis)

Copyright 2018 Thomson Reuters.


12

View Full Article

WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.