Oil rises after apparent military uprising in Turkey

in turkey •  8 years ago 

Oil prices rose after news of an apparent military coup in Turkey.  

Internationally traded Brent crude was up about 1.01 percent at $48.09 a barrel. U.S. West Texas Intermediate crude was last up about 0.72 percent at $46.28 a barrel.   

Turkey, which straddles Europe and  the Middle East, is not a major oil producer, but is an important  pipeline area. Oil prices also rise generally during times of  instability in the Middle East.

Source: CNBC

turkey
8 years ago by

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