David Lee
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Syria pulls down oil prices

According to Reuters, Western powers could attack Syria within days as Washington and its European and Middle Eastern partners honed plans to punish Assad for a major poison gas attack last week that killed hundreds of civilians.

As a result, oil prices rose about 3%, but I believe the market reaction is too heavy... Being a 34th world oil producer in 2011, the country's production has fallen drastically over the past two years by 95%, the Associated Press has reported in may. Syria is not a major oil exporter any more! Logically, the downward movement could be soon. But now we can only wait for another news, as oil market goes crazy...