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Oil price pulls back as UK retreats over Syria
by Sarah Miloudi on Aug 30, 2013 at 08:10
The price of oil has eased back after the UK took a step back from the conflict in Syria.
After being recalled to parliament by prime minister David Cameron, MPs yesterday vetoed missile strikes on the Middle Eastern troublespot.
Oil prices, which spiked sharply the day before the vote, have pulled back now an immediate military attack on Syria by the west looks less certain, although the US could still take action on its own.
According to Bloomberg data, WTI is trading at around $107 per barrel, having traded at $112 a barrel just two days before, while Brent is hovering around $114.
The FTSE 100 initially opened fairly flat at 6,489, up 0.11%, before shedding 0.23%, taking the index to 6,469 shortly after 8.30am.
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