The risk premium for the price of oil from international conflict has faded temporarily as traders look back at accelerations in the U.S. energy market. File Photo by Brian Kersey/UPI April 16 (UPI) — An increase in North American energy work and a moderation of the risk associated with conflict in Syria sent crude oil prices lower early Monday. Multilateral military engagement in Syria’s civil war risks pulling world superpowers into a fight. Western allies have been relatively calm since launching airstrikes on suspected chemical weapons sites during the weekend, however. "We do not seek conflict in Syria," U.S. Defense Department spokeswoman Dana White told reporters during the weekend. Syria is not an oil exporter, though its allies and adversaries alike are some of the world’s largest producers, including Russia and the United States. Any escalation of the conflict could spill over to involve OPEC members Iran, Iraq and […]

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