Israeli air strike on Syria sends crude higher.

Crude prices have received a boost from their favourite catalyst: geopolitical tension. Brent futures hit their highest levels in a month, while Nymex jumped as well, after Israel carried out air strikes on Syrian targets over the weekend. Expect the risk premium that investors attach to oil to rise further in the coming weeks should rhetoric surrounding possible U.S. intervention heat up. At the time of writing, Brent was +0.5% and Nymex was +0.35%.