Advertising Console

    Could News From Iraq Drive Oil Prices Down?

    Repost
    Wochit Headline News

    by Wochit Headline News

    6.7K
    4 views
    Obviously, military conflict in a major oil producing country (which is adjacent to other oil producers) gives oil traders a tingle in their private holdings. An attack shutting down the northern pipeline, or a strike south of Baghdad at oil fields (threatening foreign workers, for instance, as well as facilities), or sabotage against the export terminal would boost prices quickly.