Benchmark crude for June delivery was down 37 cents at $112.49 a barrel by midday in Europe. Don't ask us when oil prices will stop increasing (they're near impossible).
Since we didn't update news lately (computer problem), oil prices still be at $106.
Investors in penny stocks would still search signs that this 2011 year's surge in energy costs. Since February, oil prices increase almost 33% and finally, 11th April is the day oil prices up to $113.46 (this is the maximum prices since september 2008). In U.S., gasoline demand demand still increase too.
In Syria situation, a witness and human rights groups said in Tuesday that Syrian army units have clashed with each other in the southern city of Daraa, following President Bashar Assad's orders. More than 450 people have been killed across Syria in the crackdown. In past weekend, 120 people have been killed. In Tuesday around the Omari mosque in central Daraa, one of the witnesses said soldiers fired at each other. Tanks rolled into the northern port of Latakia city. Anti government demonstrators was fired by security forces.
Syria (Syrian Arab Republic) is a country in Western Asia. Syria has been under Emergency Law from 1962–2011. Suwaydiyah, Qaratshui, Rumayian, and Tayyem are the most important oil fields. The commander in chief of the Syrian armed forces is The President of Syria.
Source: Wiki, Yahoo Finance
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