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Oil falls below $107 as Syria tension eases

Dropped below $107 a barrel on Monday as the looming possibility of weakening America's attack on Syria.
In Europe in the afternoon, October delivery of benchmark crude prices fell 82 cents, to $106.83 a barrel in electronic trading on the New York mercantile exchange. On Friday, the contract fell $1.15 to $107.65.
Trading volume on Monday on the New York mercantile exchange floor trading co., LTD were closed, because the labor day. Fluctuations in the main contract, therefore, in a large range of more than $3, swinging between $104.21 at $107.31.
U.S. President barack Obama has to persuade the world needs to take action against the Syrian government in response to the alleged chemical weapons attacks on the United States said last month that killed at least 1429 civilians. This number is significantly higher than the number of deaths, 355 rescue group doctors without borders.
Only the French is firmly board after the major military powers, the British parliament refused to the use of force a ticket last week. Russia and China are strongly opposed to unilateral military action in the United States.
Although Syria is not a major oil producer, it across the region. More likely to push up oil prices within the range of conflicts, might disrupt production and transport routes in the area, in recent days.
", even if the gird for a military strike against Syria will continue and the United States is still a realistic choice, has become so fierce debate, said: "commercial Banks (at) in Frankfurt, an analyst at a report. "It could be many market participants have bet on the climbing oil prices expected to military action in Syria, in the world's most oil-rich region of conflict may overflow on oil prices."
The price of crude oil recovered from low days thanks to two, according to a survey of Chinese manufacturing improved in July. The world's second-largest economy, is trying to reverse to slowing economic growth, to the twenty years of low of 7.5% in the latest quarter.
"The Chinese manufacturing data added a strong demand for oil in China hope that in the second half of 2013, said:" in London suker, financial research analyst.
, the international crude oil benchmark brent crude oil futures fell 19 cents, to $113.94 a barrel on the ICE futures exchange in London.
In the New York mercantile exchange other energy futures trading:
- wholesale gasoline fell 6.02 cents, to $2.8704 a gallon.
- heating oil fell 4.78 cents, to $3.1405 a gallon.
- natural gas rose 2.3 cents to $3.641 per 1000 cubic feet.



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