Oil prices rebounded today, from a two month low, to a two month high, as tensions between Syria and Turkey fanned concerns, that exports from the Middle East may be curtailed.
Lawmakers in Turkey gave their government a one year mandate for possible military incursion into Syria, after explosives from Syria killed Turkish citizens.
The tension saw prices jumping by 3 dollars 57 cents, erasing almost all of yesterday’s 3 dollars 75 cents loss.
It pushed the price of oil up, by 4 point 1 percent, to 91 dollars 71 cents a barrel.
It was the biggest increase in oil prices since August 3, and means prices are up 15 percent, since the start of the year.
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