Oil prices hit high after U.S. missile strike in Syria

Oil prices ended higher on Friday after U.S. missile strike on Syrian airbase triggered geopolitical uncertainty in the oil-rich region.

Analysts said the recent U.S. actions raised concerns that the conflicts could spread in the area and influence the oil production.

Crude prices climbed for a fourth consecutive session on Friday following the news and traded near a one-month high in late trading.

The West Texas Intermediate for May Delivery added 0.40 U.S. dollars to settle at 52.10 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery increased 0.35 dollars to close at 55.24 dollars a barrel on the London ICE Futures Exchange. Enditem

Source: Xinhua/NewsGhana.com.gh