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Why Syria matters to oil markets

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Business Standard
Last Updated : Aug 31 2013 | 11:38 PM IST
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On Wednesday, oil prices rose to a six-month high, amid a looming US-led military strike against Syria, and traders and analysts cited concern over stability in West Asia. Prospects of a US military strike on Syria have led to fears that Damascus, or its closest ally Iran, may retaliate against US allies in the Gulf - all leading global oil or gas suppliers

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First Published: Aug 31 2013 | 9:00 PM IST

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