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Quiet So Far, Oil Prices Could Rise as Insurgents Gain in Iraq

Posted on 13 June 2014

Military advances by Islamic insurgents in northern Iraq have had a negligible impact on global oil futures so far – but that’s likely to change if Baghdad doesn’t re-establish its authority soon.
Iraq may evolve as a “significant wild card,” oil-trading advisory company Ritterbusch & Associates commented overnight, following the loss of a second major city to insurgents. Prices are likely to climb if tensions continue to rise, the firm said………………………………………..Full Article: Source


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