Oil Prices Tick Higher Amid Geopolitical Tensions

摘要

Rising geopolitical tensions and Saudi rhetoric helped drive oil prices higher on Tuesday, several market players told Oil Daily. Crude jumped early in the session after news of a Russian military jet downed over Syrian airspace. Moscow initially blamed Israel for the development, saying the Israelis gave Russia only one minute of warning before launching their own strikes on Syrian targets, resulting in the jet being caught in the crossfire.