Oil jumps as Russia says Turkey planning to invade Syria

Author: Adam Button | Category: News

Oil quickly rises near $33 on the headlines

"We have serious grounds to suspect intensive preparations by Turkey for a military invasion on the territory of the sovereign state of Syria," Major General Igor Konashenkov, Defense Ministry spokesman, told journalists.

Oil rallied to $32.90 from $32.21 on the headline.

The gains break yesterday's oil high.

The Canadian dollar is near the lows of the day but there hasn't been much of a reaction in CAD.