WTI crude oil prices finished the week on a high note, driven upward by the concerns over Syria and the deteriorating situation in Libya. The rally on Friday seemed more to do with Syria, as good old fashioned pre-weekend, short-covering set in, just in case the rockets flew over the weekend, after all. Of course, Vladimir Putin’s comments about his support for Syria and the movement of Russian naval assets (who knew they still had any?) into the Mediterranean raised the stakes as well. The Syrian risk premium also received replenishment from bellicose comments from Iran.
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