Syria uprising continues with violent confrontations

The recent news from Syria is that tanks and armored cars have entered civilian regions in Daraa, a city south of Syria. In the confrontations between the protestors against the regime of Syrian President – Bashar al-Assad and the Syrian army, at least 18 people were killed so far.

Over the weekend there were reports of over 88 people dead in the violent protests in several cities in Syria.

US president Barack Obama criticized directly the Syrian regime, and its violent approach towards the protesters.

This escalation in the stability in Syria might further contribute to the instability of the Middle East and might even have some effect the financial markets including crude oil market.

The commodities market showing moderate rises in major oil prices:

The Nymex crude oil price, short term futures (May 2011 delivery) is traded at 112.88 USD / barrel, a 0.59 USD/b increase or 0.53%, as of 08.45*. (* GMT)


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