Oil Didn't Appreciate the Syrian/Turkish Exchange

This afternoon Turkey and Syria exchanged shells with several dying.

• *NINE INJURED AS SHELL FROM SYRIA LANDS IN TURKISH TOWN: NTV

The Turkish foreign ministry has held emergency talks and, according to Zaman, Turkey has now begun firing 'warning' shots into Syria and 'the bombardment continues to be heavy'.

• *TURKISH ARTILLERY BOMBARDS SYRIA IN WARNING, ZAMAN REPORTS

And it would appear things are escalating:

• *TURKISH FOREIGN MINISTER CALLS NATO AFTER SYRIA BORDER SHELLING

Oil's reaction...

 Any progress being made in Light Sweet crude futures essentially stopped.

As for USO, it didn't help at all, but I'm not sure all is lost there as the 3 min chart still is in decent position.