Oil Prices Jump After U.S. Launches Missile Strike In Syria

Oil prices soared by around $1 per barrel on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. U.S President Donald Trump said he had ordered missile strikes against a Syrian airfield from which a deadly chemical weapons attack was launched earlier this week, declaring he acted in America's "national security interest" against Syrian President Bashar al-Assad. After tepid trading before the news, Brent crude futures, the international benchmark for oil, jumped by around $1 per barrel, or almost 2%, to $55.78 per barrel by 0237 GMT. U.S. West Texas Intermediate (WTI) crude futures also climbed around $1 per barrel, or almost 2%, to $52.64 a barrel. It was the highest level for both benchmarks since early March.

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