Effect on Crude with the Twin Attack!
By Bala
@everloving (439)
Chennai, India
November 17, 2015 12:18am CST
Anyone who had been following the recent trends in the international news, it will be the Syria's raiding by the french forces & the attack on paris which occupied most the pages in your morning news paper. Do you still think this would have a bearing effect on the Crude prices? I know syria is not the top producer but i would like to know what you think?
6 people like this
5 responses
@ElizabethWallace (12069)
• United States
22 Nov 15
I think all of this is coordinated. When the people who set prices want them to increase, they find an excuse.
1 person likes this
@everloving (439)
• Chennai, India
23 Nov 15
Yes, to an extent, but we have seen the oil price under $50 this year for so many days in its entire history. May we have seen the oil prices for be low for so longer i just suspect the price hike is just around the corner.
2 people like this
@ElizabethWallace (12069)
• United States
23 Nov 15
@everloving I think it has to do with the upcoming elections in the U.S. After Nov 2016, they will rise again, I think.
2 people like this
@GreatMartin (23670)
• Ft. Lauderdale, Florida
12 Dec 15
Right now oil is at the lowest price it has been for a decade but if you know anythign about the economy it will go up again only higher--nothing to do with Syria!
1 person likes this
@arthurchappell (44941)
• Preston, England
24 Nov 15
it shouldn't directly impact oil prices but oil barons will hike up prices claiming it does anyway
@arthurchappell (44941)
• Preston, England
24 Nov 15
@everloving it won't just affect India, as the whole World could start hiking up its prices
@everloving (439)
• Chennai, India
24 Nov 15
Thats what makes me wonder. For how long the prices can kept below $50 & are we going to see a huge surge in its pricing in near future.
1 person likes this
@cahaya1983 (11116)
• Malaysia
1 Dec 15
I did read a news article on BBC that says the military action is very likely to push up crude prices.
@everloving (439)
• Chennai, India
1 Dec 15
A few things are always interconnected, military actions does make a surge in the oil prices.
