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U.S. oil prices settle lower amid geopolitical tensions

Xinhua,April 17, 2018 Adjust font size:

NEW YORK, April 16 (Xinhua) -- Oil prices settled lower on Monday as investors continued to monitor the geopolitical tensions in the Middle East.

The United States, along with its allies Britain and France, launched a missile attack against Syrian military positions early Saturday morning, causing a flurry of mixed reactions across the Middle East.

Analysts said fears of an escalating conflict in Syria eased for the moment, which led to oil price decline.

The West Texas Intermediate (WTI) for May delivery decreased 1.17 U.S. dollars to settle at 66.22 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery erased 1.16 dollars to close at 71.42 dollars a barrel on the London ICE Futures Exchange. Enditem

 

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