Sentence examples for drives oil from inspiring English sources

It's another nervy day on the stock markets as the looming prospect of military action against the Syria government hits shares and drives oil prices higher.

Bullish for global stock markets I'd have to say, short of some terrible exogenous event like a massive terrorist attack, the blowing up of oil fields that drives oil to $150 a barrel or the avian flu.

North Sea pipelines often are shut for maintenance in the summer months, but this year, the work has coincided with turmoil in Nigeria (See "Nigerian Abduction Drives Oil Prices") and tensions between the West and Iran.

As it is with elephants, so it is with oil prices -- plenty of "wise men" talking about what drives oil prices and all are partly in the right -- but mostly in the wrong.

But they would reap the full benefit if the conflict drove oil prices higher.

Tightening oil markets along with spreading unrest in the Middle East have driven oil prices 25 percent higher in the last year.

Even though Syria is not a big oil producer, the possibility of a wider conflict in the Mideast drove oil prices to two-year highs last week.

Suspicions that, when other OPEC producers are breaching their quotas, Saudi Arabia will be reluctant to cut its output are continuing to drive oil prices lower.

Given that Iraq exports 2.3m barrels a day, a lasting suspension could drive oil prices well above their already lofty levels.

Costanza Jacazio, an energy analyst at Barclays Capital in New York, says further unrest — or simply fear of further unrest — could well drive oil prices higher.

HOUSTON — The political turmoil sweeping the Arab world drove oil prices sharply higher and stocks much lower on Tuesday despite efforts by Saudi Arabia to calm turbulent markets.