War in Syria: Oil & Gas industry rakes in the profits

Oil prices crept up as Turkey launched its offensive in Syria. The military action could disrupt crude production in the region.

As the bombs started dropping, Brent crude quickly rose 19 cents to $58.43 a barrel.

The outbreak of hostilities follows the withdrawal of American forces in northeastern Syria, something that was unexpected by U.S. and Syrian military commanders.  

Commander of the Syrian Democratic Forces, Gen. Mazloum Kobani, reportedly received a phone call from a senior U.S. official telling him to get on a video teleconference with an American military commander who informed him President Donald Trump had ordered U.S. troops to withdraw.

"This decision, this is something we don't expect at all," Kobani said during an interview with NBC News on Monday afternoon.

Read also: Turkish troops invade Northern Syria

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EUToday Correspondents

EUToday Correspondents

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