Today, March 30th, Syrian President Bashar al-Assad addressed the protests in Syria for the first time. He said he will implement politic changes that will benefit Syria, but he won’t rush into them. Assad also accused Israel and the US in plotting against Syria; this plot led to the current protests against his regime.
Yesterday, the Prime Minster of Syria tendered his and the government’s resignations to Assad; this was of the one of the steps Assad implemented as the protests began.
So far this unrest in Syria doesn’t seem to have an affect on crude oil prices. Furthermore, currently crude oil prices are traded with moderate falls as presented below:
The Nymex crude oil price, short term futures (April 2011 delivery) is traded at 104.31 USD / barrel, a 0.48 USD/b decrease or 0.46%, as of 20.58*.
The Dated Brent spot crude oil is at 115.17 USD / barrel – a 0.31 USD/ barrel decrease as of 21.09*.
For more on this subject:
- Japan’s energy outlook – March 2011
- Gold & Silver Prices Outlook –29 March
- Crude oil prices outlook – 30 March