Oil futures gain on Syria distress and Iraq shipment reduction

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Source: WBPonline
Oil prices soared on Tuesday as the Syria situation became worse and international military intervention is feared in the country, threatening large-scale supply disturbances from the Middle East. Iraq said it has reduced Kirkuk crude oil outbound shipment by over 50% in September. Futures of North American blend advanced on New York's Nymex from 0.25% to $106.19, while the European benchmark Brent gained 0.21% to $110.97 at the time of writing in London.
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