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12 Jun 2014
Crude oil advances above $105.00, 3-month highs
FXStreet (Córdoba) - Crude oil futures moved higher Thursday amid supply disruptions concerns surged amid escalating violence in Iraq.
Turmoil in Iraq prompted concerns about oil supply, sending crude for July delivery to $105.45 a barrel, their highest since early March. At time of writing, oil futures are trading at $105.40/bbl, up 0.99% on the day.
Islamist Militants captured Mosul, the country's second largest city, and moved closer to the capital Baghdad and the country’s biggest oil refinery.
Meanwhile, Brent crude for July rose 1.3% to $111.42 a barrel, a level not seen since late April.
Turmoil in Iraq prompted concerns about oil supply, sending crude for July delivery to $105.45 a barrel, their highest since early March. At time of writing, oil futures are trading at $105.40/bbl, up 0.99% on the day.
Islamist Militants captured Mosul, the country's second largest city, and moved closer to the capital Baghdad and the country’s biggest oil refinery.
Meanwhile, Brent crude for July rose 1.3% to $111.42 a barrel, a level not seen since late April.