Friday 20 June 2014

Oil hits nine-month high near $115 on Iraq | GulfNews.com

Oil hits nine-month high near $115 on Iraq | GulfNews.com:



"Brent crude hit a nine-month high near $115 a barrel on Thursday on concerns heavy fighting in Iraq could limit oil supply from OPEC’s second-biggest producer.



Brent was up 50 cents at $114.76 a barrel by 1330 GMT, after reaching an intraday peak of $114.84, its highest since Sept. 9.



Government forces battled Sunni militants for control of Iraq’s biggest refinery as Prime Minister Nuri al-Maliki waited for a US response to an appeal for air strikes to beat back the threat to Baghdad."



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