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Business Turkey

  • NEW YORK, Oct 4- U.S. crude futures rose 4 percent on Thursday as tensions between Turkey and Syria, a weaker dollar and strong gasoline and heating oil futures lifted by refinery fires pulled crude oil prices higher. For a complete report on oil markets, double click on.

  • TORONTO, Oct 4- Canada's main stock index notched its highest closing level in nearly three weeks on Thursday after reassuring comments from the European Central Bank chief and signs of improvement in the U.S. labor market supported demand for riskier assets.

  • *Middle East tensions, Turkey strikes at Syria lift oil. NEW YORK, Oct 4- Oil prices jumped 4 percent on T hursday as inflamed Middle East tensions stoked supply fears and U.S. gasoline futures rallied following a fire at the largest operating refinery in the United States.

  • The price of gold is at a nine-month high after the head of the European Central Bank suggested that its bond-buying program could benefit Spain. Gold for December delivery rose $16.70 Thursday to finish at $1,796.50 per ounce, the highest level since late February.

  • Brent November crude rose $4.41, or 4.08 percent, to settle at $112.58 a barrel, having traded from $108.02 to $112.69.

  • NEW YORK, Oct 4- U.S. crude futures rose 4 percent on Thursday as inflamed tensions between Turkey and Syria, a weaker dollar and refinery fires pulled crude oil prices higher.

  • Brent November crude was up $4.01 at $112.18 a barrel at 2:22 p.m. EDT, having traded from $108.02 to $112.36.

  • 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.

  • DUBAI, Oct 4- Kuwait's unexpected 50 basis-point interest rate cut will help reduce borrowing costs for businesses but is not going to be enough to kick-start bank lending without a lasting solution to the country's political crisis.

  • *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.