Oil markets remained tense on Thursday on concerns over a military escalation in Syria.5 yuan to 428. supplies weighed. crude oil inventories rose by 3.Ongoing concerns of a prolonged trade dispute between the United States and China are also keeping markets on edge.China lashed out at the United States on Thursday saying that the trade disputes, in which both sides have threatened to impose tariffs on imports of several products, were "single-handedly provoked by the U. crude production last week hit a fresh record of 10.U.S.S.

Geopolitical events could keep prices elevated above $70 Brent in April and May, but our balances suggest a high likelihood of a downward correction in 2H18,” Barclays bank said. Oil markets remained tense on Thursday on concerns over a military escalation in Syria, although prices were some way off Wednesday’s late-2014 highs as bulging U..Ample supplies:Although markets were tense, supplies remain ample especially due to the United States, and analysts said this would likely weigh on prices at some point.4 percent from their last settlement. supplies weighed. For WTI, the bank forecast prices of $58 and $55 a barrel for this year and next.20 a barrel, up 38 cents, or 0."Barring any geopolitical shocks, we see limited upside potential for oil prices from current levels due to ongoing oversupply, mainly from the U.The United States now produces more crude than top exporter Saudi Arabia.” and that Beijing was prepared to escalate the spat if Washington did not back off from its threatened import tariffs.S.In China, Shanghai crude futures rose by 10.

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