Outcome of US Congress voting to put up oil prices

Uncertainty of the world powers about the Syrian hostilities has still been exerting significant influence on price setting for energy sources. The civil war has been lasting for two years. Thus on a regular basis, this undermines oil prices which have been the major source of revenue for the most of the Middle Eastern countries. The main market insiders are holding breath anticipating the results concerning the suggested diplomatic efforts for managing the conflict in Syria. Nobody dares to make a forecast regarding the US Congress voting that is supposed to clear up the issue if the majority of the senators approve a missile strike or not. Early this week, the world oil prices declined considerably while the situation was up in the air. The official Brent price went down $2.40, thus amounting to $113.72 per barrel on the ICE Futures Europe, the electronic Commodity exchange in London. When closing up trade, the WTI price dropped by $1.01 to $109.52 per barrel on the New York Mercantile Exchange. Nowadays, a great number of investors adopt a wait-and-see attitude, their activity descended on the watch for the results of the US Congress voting suggested by US President Barack Obama. Washington insists on employing chemical weapons by the government armed forces against Syria’s civil population. Such violation of the international treaties must not get away with murder and escape punishment. Heads of several states believe that the president who delivered the order to wield chemical weapons must be subject to punishment.