OIL PRICES

 

Crude Prices Move Higher With Concern Over Middle East Events

The price of WTI rose above $95/B and Brent above $116/B last week as events in the Middle East led traders to fear for future supplies. The fighting in Syria has impacted Lebanon where violence has prompted Gulf Arab states to urge their citizens to leave the country. Furthermore, comments from Israeli officials on the possibility of attacking Iran ratcheted up worries for the oil...