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Geopolitical tensions raise oil prices

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1 Geopolitical tensions raise oil prices on Tue Nov 17, 2015 4:05 am

Rocky


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Geopolitical tensions raise oil prices




11/17/15

Agencies - Oil prices rose, after sharp losses last week, with increased attacks on Paris Friday geopolitical tensions, which some say may threaten the global oil supply.
France launched air strikes last night to organize Daash in Syria, which claimed responsibility for the attacks Paris, at a time when the United States and Russia called on to join an international alliance to defeat the organization.

But gains limited the price of oil came on a day when prices move from boarding to landing, and vice versa, as investors bid extrapolate what may mean attacks and its repercussions for the supply and demand for oil.

And often paid the geopolitical unrest in the Middle East, the price of oil to go up because of the possibility of supply disruptions, but many expect it to harm the Paris attacks economic activity in Europe for reasons including the decline in passenger traffic on the continent.

Brent crude less than US crude today, while the nearest maturity rose contract for Brent nine cents to determined the settlement at $ 44.56 a barrel, after earlier falling to $ 43.15.

And NYMEX rose one dollar, to close at $ 41.74 after falling to $ 40.06, while the price difference between Brent and US crude gained $ 1.68, its lowest level since mid-September.

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