Home News Oil is up in price after missile strike on Syrian airbase

News

Oil is up in price after missile strike on Syrian airbase

Oil is up in price after missile strike on Syrian airbase

Oil prices resumed growth starting a week, and due to decreasing fears of trade war between China and USA. Last Saturday it was a chemical attack in the Syrian town of Douma, 78 dead. After few hours it was a missile strike on T-4 Syrian airbase in Homs province.

Nobody takes responsibility for any of incidents. Donald Trump blames president Asad and his allies, including Russia, in a chemical attack. He promised to force Syrian government to pay for using chemical weapon against civilians.

In turn, Russia thinks, that chemical attack was just a fake one, because Russian specialists didn’t find any evidence of poisoning in the Douma. Russia’s Ministry of Foreign Affairs claimed that false info about chemical attack is a way to pay off missile strikes on Homs airbase. As it was informed, these airstrikes were from Israeli F-15 fighter planes. 

Oil prices growth is also supported by tensions reduction between US and China. There were active negotiations on weekend, and Steven Mnuchin, the US finance minister, stated that trade war isn’t anticipated.