Oil prices rise in Asia after Obama vow to strike ISIL in Syria
Oil prices have increased in Asia one day after US President Barack Obama pledged to expand its bombing campaign against ISIL terrorists and launch airstrikes against the Takfiri cult in Syria.
On Thursday, US benchmark West Texas Intermediate (WTI) for October delivery gained 16 cents to USD 91.83, while Brent crude for October rose14 cents to USD 98.18 in mid-morning trade.
In a televised speech delivered from the White House on Wednesday, Obama said that the United States was prepared to strike the Takfiri terrorist group in Syria, vowing to expand operations against the terrorist cult in neighboring Iraq.
“I will not hesitate to take action against ISIL in Syria, as well as Iraq,” said Obama.