Oil Prices Rise as Islamists Rebels Take Over Syria
- Crude oil prices increased this week following the news that Islamist rebel groups took over Syria after ousting President Bashar Assad in a swift offensive lasting less than a month.
- President Bashar Assad fled to Russia, marking a major shift in Middle Eastern politics by depriving Russia and Iran of an ally in the region.
- Mitsubishi UFJ Research and Consulting analyst Tomomichi Akuta noted that the development in Syria added political uncertainty, which provided some support to the oil market.
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Total News Sources0
Leaning Left3Leaning Right5Center0Last UpdatedBias Distribution63% Right
Bias Distribution
- 63% of the sources lean Right
62% Right
L 38%
R 62%
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