Global Markets: Conflict in Iraq Sends Oil Price Soaring

Oil climbed to its highest price in nine months on Friday as insurgency in Iraq raised fears about the country’s oil exports.

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Global Oil & Gas Industry: Oil Market Forecast & Review – 30th May 2014

July Crude Oil futures finished the week lower in lackluster fashion. Despite closing on its high the previous week which should have been a lay-up for a higher opening and follow-through rally, speculative traders failed to bite on the set-up, giving long investors an early excuse to take profits and pare positions.

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