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Tensions between Syria and Turkey gave oil prices their biggest jump in two months Thursday, while refinery outages boosted wholesale gasoline prices. Oil settled at $91.71 per barrel, up by $3.57, or 4 percent, on the New York Mercantile Exchange. Oil prices rose after Turkey's military fired on targets in Syria for the second day.
Oct 4- Crude oil futures rose more than $3 a barrel on Thursday, with Brent rising above $111 a barrel as Turkey's retaliatory strikes on a Syria heightened tensions in the Middle East, while U.S. gasoline futures rallied after a fire at a refinery in Texas.
*Turkey strikes on Syria raise regional security fears. NEW YORK, Oct 4- Oil prices jumped 2 percent Thursday as Turkey's retaliatory strikes on a Syria sparked more concern about potential disruptions to Middle East oil supply, while U.S. gasoline futures rallied after a fire at a refinery in Texas.
*Turkey says Syria has apologised for mortar strike. ISTANBUL, Oct 4- Turkish assets trimmed losses on Thursday after Turkey said Syria had apologised for a mortar strike that killed five civilians in southeast Turkey, which investors said would help reduce tensions between the two nations.
*Turkey strikes on Syria raise regional security fears. NEW YORK, Oct 4- Oil prices rose on Thursday as Turkey's retaliatory strikes on a Syria sparked additional concern about potential disruptions to Middle East oil supply, while U.S. gasoline futures rallied after a fire at a refinery in Texas.
The price of oil is rising the most in two months after tensions rose between Syria and Turkey. Oil rose to $91.63, a jump of $3.49, or 4 percent, in morning trading on the New York Mercantile Exchange. The increase came as Turkey's military fired on targets in Syria for the second day.
The price of oil is higher after tensions rose between Syria and Turkey. Oil rose to $89.21, a jump of $1.06, or 1.2 percent, in morning trading on the New York Mercantile Exchange. The increase in prices came as Turkey's military fired on targets in Syria for the second day.
*Spot prices mixed with Germany's down on more green power. FRANKFURT, Oct 4- Prices along Europe's power forward curve recovered on Thursday, led by oil's rise on Middle East concerns, which spilled over into related fuels, traders said. Germany's annual baseload contract for 2013.
*Unrest in Turkey- Syria raises regional security worries. LONDON, Oct 4- Brent crude oil rose almost $2 per barrel on Thursday after skirmishes along the Turkey- Syria border raised fresh concerns over the security of Middle Eastern oil supplies.
The ECB's decision was widely expected and the market was more focused on what ECB president Mario Draghi will say in his post-meeting news conference about Spain and the prospect that it will trigger the bank's new bond buying programme. "What is key for euro/dollar going forward is going to be Spain," said Michael Sneyd, FX strategist at BNP Paribas.
*Parliament approves military operations outside Turkey. ISTANBUL, Oct 4- Turkish assets weakened on Thursday on investor concerns about increasing tension with Syria, after a mortar bomb hit a residential district in southeast Turkey, killing five people.
*Unrest in Turkey- Syria raises regional security worries. LONDON, Oct 4- Brent crude oil rose above $109 per barrel on Thursday as escalating tensions between Syria and Turkey raised more concerns over the security of oil supplies from the Middle East.
The European Central Bank is not expected to cut rates at the monthly policy making session despite weaker economic data, but was seen likely to be pressed on negotiations with Spain over its financing needs in the news conference which follows.
LONDON, Oct 4- Brent crude oil rose more than $1 per barrel on Thursday as fresh tension between Syria and Turkey raised fears over the security of oil supplies from the Middle East. Turkish artillery hit targets near Syria's Tel Abyad border town for a second day on Thursday after a mortar bomb fired from the area killed Turkish civilians.
LONDON, Oct 4- Turkish stocks fell 1.6 percent on Thursday and credit default swaps jumped after a sharp escalation in political risks caused by retaliatory military raids within the Syrian border. "Clearly a short-term risk for Turkey and Turkish assets," said Simon Quijano-Evans, chief EEMEA economist at ING. MSCI emerging stocks rose 0.3 percent.
*FTSE 100 falls 0.2 pct, sheds early gains. LONDON, Oct 4- UK shares turned lower on Thursday, hit by concerns over bailout talks in Greece and tensions in the Middle East, ahead of central bank meetings in Britain and Europe that are unlikely to generate new stimulus moves. By 0836 GMT, the UK's FTSE 100.
*Spain expected to ask for euro zone financial bailout. *Unrest in Iran, Turkey- Syria raise geopolitical worries. LONDON, Oct 4- Brent crude oil rose towards $109 per barrel on Thursday as expectations Spain would seek a bailout and better U.S. data encouraged investors back into riskier assets such as oil and commodities.
ISTANBUL, Oct 4- The Turkish lira partially pared its losses on Thursday after an advisor to Prime Minister Tayyip Erdogan said Turkey had no interest in a war in Syria, easing investors' anxiety over increasing tension between two countries.
*Jittery investors await U.S. job data, watch Europe. *Social unrest in Iran, Turkey- Syria clashes in focus. SINGAPORE, Oct 4- Brent futures edged up towards $109 per barrel on Thursday as a steep drop in the previous session brought in bargain hunters, while investors awaited further cues from a European Central Bank policy meeting and critical U.S. jobs data.
The lira was at 1.8035 against the dollar at 0544 GMT, weakening from 1.7966 late on Wednesday after Turkish artillery hit targets inside Syria in response to a mortar bomb fired from Syria which killed five Turkish civilians.