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http://money.cnn.com/2015/10/09/news/economy/oil-prices-above-50-dollars/index.html
I looked at my oil & gas stocks yesterday, and noted that most had suddenly risen in value in the last couple of days. One of the reasons this is happening is geopolitical worries.
Excerpt from the article:
Tensions in the Middle East, the biggest oil producing region, have pushed prices up.
Russia launched a military operation in Syria this week, marking the beginning of a new and closer cooperation between Moscow and the Syrian regime of President Bashar al-Assad. The West has criticized Russia for the move.
Investors are worried more violence in the region could impact production and transport. Reports of Russian cruise missiles falling short and landing in Iran haven't helped settle their nerves.
I looked at my oil & gas stocks yesterday, and noted that most had suddenly risen in value in the last couple of days. One of the reasons this is happening is geopolitical worries.
Excerpt from the article:
Tensions in the Middle East, the biggest oil producing region, have pushed prices up.
Russia launched a military operation in Syria this week, marking the beginning of a new and closer cooperation between Moscow and the Syrian regime of President Bashar al-Assad. The West has criticized Russia for the move.
Investors are worried more violence in the region could impact production and transport. Reports of Russian cruise missiles falling short and landing in Iran haven't helped settle their nerves.
