Heightened geopolitical conflict was the key reason sending oil prices higher last week. US President Donald Trump launched airstrikes in Syria last Thursday, after Syrian President Bashar al-Assad “launched a horrible chemical attack on innocent civilians using a deadly nerve agent” earlier in the week. The front-month WTI crude oil contract rose to a 4-week high of 52.94 before settling at 52.24, up +3.24%.
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Weekly Fundamentals – US Airstrikes in Syria Complicate Middle Tensions, Oil Prices Outlook Mixed
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