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Oil hovers above $107 in jittery trade on Syria

Oil prices fell slightly, but still above $107 a barrel on Tuesday, President barack Obama's struggle to win support for U.S. military intervention in Syria is not expect an imminent attack.
Afternoon in Europe, in the electronic business, the New York mercantile exchange for delivery in October benchmark crude prices fell 35 cents, to $107.30 a barrel. On Friday, the New York mercantile exchange exchange-traded contract fell $1.15, $107.65 is closed on Monday for labor day.
Barack Obama on Monday met with key members of congress trying to drum up support for the President bashar assad's regime of a military strike, in response to the attack in the suburbs of Damascus last month, the United States, said at least 1429 civilians had been killed. Once a ticket to congress from the summer vacation, is expected to end return on September 9.
On Tuesday, secretary of state, defense minister John kerry hagel and other appeared in the first public hearing of the senate foreign relations committee, the possibility of military intervention in Syria.
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. On the contrary, the price has fallen to us attacks weakened.
In addition, conducted missile tests, by Israel and the United States on Tuesday in the Mediterranean and an air base in central Israel to promote higher oil prices, Russia's state-controlled media first reported the news of the event.
Analysts FAWAD Razaqzada GFT market soaring oil prices high "turned out to be a false alarm, and said:" in London, the Russian report lead to "snap up oil in Syria will strike fear."
American manufacturing market will keep a close watch on August, according to a survey by the institute for supply management on Tuesday announced later.
In addition to the uncertainty of the developments in the Middle East, oil prices have support, and in the last few days of stronger-than-expected Chinese manufacturing data and the European Union.
Is the data of the United States also showed "significant improvement... then oil prices can be of further increase," said Razaqzada.
The international crude oil benchmark, brent, rose $1, $115.01 a barrel on the ICE futures exchange in London.
In the New York mercantile exchange other energy futures trading:
- wholesale gasoline fell 0.51 cents, to $2.885 a gallon.
- heating oil was up 1.53 cents, to $3.1519 a gallon.
- natural gas was up 7.9 cents, closing at $3.66 per 1000 cubic feet.



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