Thu, Jan 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Trends more

Uncertainty over Iraq pushes oil price to three-month high

Posted on 13 June 2014

Traders bet on advances by Isis militants disrupting supplies from one of world’s largest exporters. Escalating violence in Iraq sent the price of oil to a three-month high as traders bet that advances made by insurgents could disrupt supplies from one of the world’s largest oil exporters.
Brent crude futures rose 2% to $112.12 a barrel, the highest price since early March. The initially calm response to Sunni militants’ overrunning of Mosul, Iraq’s second largest city, on Tuesday turned to alarm as Isis, the al-Qaida splinter group, announced its intention to take Baghdad………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39021 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031