Oil prices rise in Asia after ISIl creator Obama vow to strike(?) ISIL in Syria

The data was added on , 11 September 2014 read 1.116 times.

Oil prices rise in Asia after Obama vow to strike ISIL in Syria

Oil prices have increased in Asia one day after US President Barack Obama pledged to expand its bombing campaign against ISIL terrorists and launch airstrikes against the Takfiri cult in Syria.

On Thursday, US benchmark West Texas Intermediate (WTI) for October delivery gained 16 cents to USD 91.83, while Brent crude for October rose14 cents to USD 98.18 in mid-morning trade.

In a televised speech delivered from the White House on Wednesday, Obama said that the United States was prepared to strike the Takfiri terrorist group in Syria, vowing to expand operations against the terrorist cult in neighboring Iraq.

“I will not hesitate to take action against ISIL in Syria, as well as Iraq,” said Obama.

During his speech, the US president outlined Washington’s strategy against the terrorist group.

“Our objective is clear: we will degrade, and ultimately destroy, ISIL through a comprehensive and sustained counter-terrorism strategy,” he said.

This is while Syria has said that any US aerial campaign in the Arab country must be coordinated with Damascus and would otherwise be considered as aggression.

The ISIL controls large swathes of Syria’s northern territory. The group sent its members into neighboring Iraq in June and seized large parts of land there.

In recent weeks, manned and unmanned US aircraft have flown surveillance flights and targeted ISIL strongholds in Iraq.

The terrorists have committed heinous crimes and threatened all communities, including Shias, Sunnis, Kurds, Christians and Izadi Kurds, during their advances.

The terrorist group has links with Saudi intelligence, and is believed to be supported by the Israeli regime.

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