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Oil up slightly as Syria-Turkey tensions rise

Oil up slightly as Syria-Turkey tensions rise

The price of oil is higher after tensions rose between Syria and Turkey.
Oil rose to $89.21, a jump of $1.06, or 1.2 percent, in morning trading on the New York Mercantile Exchange.
Thursday's rise follows a steep decline of 4 percent on Wednesday.
The increase in prices came as Turkey's military fired on targets in Syria for the second day. Prices also got a boost from economic reports showing improvement in the U.S. services sector, and a modest gain in private sector hiring.
Natural gas rose slightly, despite a government report showing that more of it went into storage last week than analysts had expected. Prices rose a half-percent to $3.412 per 1,000 cubic feet.


Updated : 2021-10-19 09:33 GMT+08:00