Oil Prices Shift With Focus Now On Syria – 11 April, 2018

Ongoing trade disputes between the U.S. and China and possible U.S. military involvement in Syria has caused oil markets to tense up. Brent crude futures were last trading 19 cents higher and up 0.3 percent to $72.25 per barrel, while WTI crude futures were up 28 cents and 0.4 percent to $67.010 per barrel. Brent and WTI both hit their highest since 2014. China’s Shanghai crude futures were up 9 yuan to $427.2 yuan. U.S. crude inventories also rose by 3.3 million barrels to 428.64 million barrels and hit a record of 10.53 million barrels per day last week.