Friday, June 13, 2014

Oil Prices Rise As The Civil War In Iraq Escalates

Securing America's Future Energy

Fears About Iraq Continue to Push Up Oil Prices -- New York Times

LONDON — The oil markets are likely to remain on edge, as escalating tensions in Iraq prompt concerns over supplies in the major oil-producing country.

Although a sharp spike in prices looks unlikely at this point, the fighting in Iraq and turmoil in other major oil producers are expected to keep prices relatively high, a situation that could put pressure on gasoline prices during the summer driving season.

“I think the upward movement is justified even though the direct threat to Iraqi supply is low,” said Richard Mallinson, an analyst at Energy Aspects, a London research firm.

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More News On Oil Prices Rising As The Civil War In Iraq Escalates

Iraq unrest: Insurgents could have big impact on oil prices -- Mark Trumbull, CSM
Big Oil’s Iraq Problem: Prices Rise as Insurgency Grows -- WSJ
Oil edges higher on Iraq insurgency -- Reuters
Oil prices spike as Iraq violence flares -- CNN
Uncertainty over Iraq pushes oil price to three-month high -- The Guardian
Iraq Sends Shivers Through Oil Markets -- WSJ
Despite spike, oil market risks in Iraq look limited, for now -- Reuters
Without Iraq's oil, prices could hit $150-$200: Pickens -- CNBC
This map shows how violence in Iraq could threaten the oil supply -- VOX

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