Oil prices soar after U.S. launches missile strike in Syria: HumSub.TV
Oil prices soar after U.S. launches missile strike in Syria: HumSub.TV: Oil prices surged more than 2 percent to a one-month high on Friday after the United States launched dozens of cruise missiles at an airbase in Syria, later dropping back as there seemed no immediate threat to supplies.
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 attack, international benchmark Brent crude futures LCOc1 jumped to $56.08 per barrel before easing to $55.71 per barrel at 0519 GMT, still up 1.5 percent from its last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 also climbed by more than 2 percent, to a high of $52.94 a barrel before receding to $52.56, up 1.7 percent.
“The U.S cruise missile strikes have seen crude oil jump over two percent in a straight line,” said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore.
Syria has limited oil production, but its location in the Middle East and alliances with big oil producers raised worries about spreading conflict that could disrupt crude shipments.
“What will be the response of Iran and Russia, two of the world s largest oil producers and staunch allies of the Assad regime? … We will have to wait for these answers as the day moves on,” Halley said.
“Outside of the energy sector, investors have been moving into defensive sectors today, particularly utilities and gold miners,” said Gary Huxtable, client adviser at Australia s Atlantic Pacific Securities.
U.S. officials said the military had fired 59 cruise missiles against a Syrian airbase controlled by Assad s forces, in response to a poison gas attack on Tuesday in a rebel-held area.
Officials said the United States had informed Russia the strikes were coming. The strikes did not target sections of the Syrian base where Russian forces were believed to be present.
Oil prices soar after U.S. launches missile strike in Syria: HumSub.TV. Oil prices soar after U.S. launches missile strike in Syria: HumSub.TV.
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Introduction
HumSub TV is Pakistan’s leading forwarding-thinking, edutainment channel, aimed at promoting and upholding peace, interfaith harmony and social responsibility within Pakistan through informative and insightful programmes and documentaries; analytical interviews on issues pertaining to social, economic, legal and environmental set-up; dedicated shows to canvass and thereby promote the culture and heritage of Pakistan and in-depth coverage of national and international news.
HumSub TV is the first channel and thus a pioneer within its own right that mainly focuses on emphasising the “Rights” as well as the “Obligations” of the citizens in light of the Constitution of Pakistan, numerous International declarations signed by the Government and various laws that have been promulgated over the years but are not in the knowledge of the common citizen.
HumSub TV also aims to enter into bilateral agreements with other countries to promote not only their culture, heritage and tourism, but also their educational and medical facilities.
Following the successful launch of HumSub TV’s head office in Blue Area, Islamabad; the bureau office has been set up in Lahore.
Vision
To project positive image building of Pakistan and inculcate nationalism, as per the vision of the founder of the nation, Quaid-e-Azam Mohammad Ali Jinnah.
Mission
HumSub TV is resolute about the promotion of a pluralistic, inclusive and egalitarian society in Pakistan where all citizens are allowed to contribute to promote interfaith harmony, peace and collective wisdom in the social, political and economic development of Pakistan and to encourage critical and lateral thinking in the society. HumSub TV strives to make a positive contribution to this end.
HumSub TV’s Theme
HumSub TV, Pakistan’s first EDUTAINMENT Channel, has been set up for not only those audience residing in Pakistan or overseas but the international community on the whole. The vision of the channel is to project positive image building of Pakistan and inculcate nationalism as per the vision of the founder of the nation.
HumSub TV strives to make a positive contribution to this end by promoting pluralism, inclusiveness and egality in Pakistan and give voice to the suppressed. It endeavors to act as a positive catalyst for social change and Pakistani nationalism. It envisions providing a platform for airing critical and lateral thinking and collective wisdom by inviting positive minded intellectuals and opinion forming individuals for the promotion of interfaith harmony and peace in the social, political and economic development of Pakistan.
Whereas the channel airs upbeat edutainment programmes, it, nonetheless, has the primary objective of countering negative anti-Pakistan regional and international propaganda as well as advancing fundamental rights as encapsulated in the Constitution of Pakistan.
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