Oil Surges to 2-Week High as Trump Pledges Syria Missile Attack

Futures in New York rose as much as 1.3 percent after climbing the most in eight months on Tuesday. President Donald Trump has intensified preparations for a response to a suspected chemical weapons attack in Syria, a move that could place the U.S. in direct conflict with Russian forces. While the Middle East country’s own oil production is limited, prices often respond to the risk of war in a region that holds almost half of the world’s crude reserves.

“The focus is on the West’s probable military strike against the Syrian regime,” said Carsten Fritsch and Eugen Weinberg, analysts at Commerzbank AG in Frankfurt.
more at:  https://www.bloomberg.com/news/articles/2018-04-11/oil-holds-gain-as-trade-war-fears-ease-saudis-seek-higher-price