The price of oil spiked to its highest level in over three years on Wednesday after US President Donald Trump threatened strikes on Syria following the alleged chemical gas attack last week.
Brent crude has risen 7% over the last week to $72.3 a barrel, the highest since December 2014 while West Texas Intermediate (WTI) climbed 3.3% to $65.5 a barrel on Wednesday. The main drivers of the increase in prices is concerns future US involvement in the Middle East could disrupt supply chains, making it harder to ship overseas. Trump cancelled his trip to a number of South American countries to meet with military officials in the White House on Monday to talk over the US's response to the alleged chemical attack from Syrian President Bashar al-Assad, while the US President has a...
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