Rising on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil, oil prices recoiled on Tuesday after three days of losses. Oil on the Nymex rose to US$90 per barrel at midday Bangkok time in electronic trading. In London, Brent crude settled higher at US$112.56.
Resumption of production from North Sea oil rigs that were undergoing maintenance has been slower than anticipated. Also fears abound that the violence in Syria could escalate into a wider regional conflict, threatening oil supplies.
10-Oct-12 
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