Oil Prices Rise Over 1% Amid Syrian Regime Change and China’s Loosened Monetary Policy
Oil prices climbed over 1% on Monday due to the ouster of Syria’s President Bashar al-Assad, which raised geopolitical risk, and China’s signals towards a loosened monetary policy stance. Brent crude futures rose by $1.02 or 1.4% to $72.14 per barrel, while U.S. West Texas Intermediate crude futures increased by $1.17 or 1.7% to $68.37. … Read more