"ISIS attacks in Iraq have sent oil prices soaring and cast further doubt on long-term growth in Iraq's oil sector. As recently as February, oil production in Iraq was booming -- a sign of economic progress that traders worry will be reversed."
David J. Unger reports for the Christian Science Monitor June 12, 2014.
SEE ALSO:
"Oil Prices Rise as Iraq Crisis Threatens OPEC Oil Balance" (AP)
"OPEC Keeps Output Level Below Second-Half Demand Forecast" (Bloomberg)
"NYMEX Crude Oil Stays Above $104/bbl; OPEC Quota Unchanged" (Oil & Gas Journal)
"Iraq Insurgency Risks Biggest Source of New OPEC Oil, IEA Says" (Bloomberg)
Source: Christian Science Monitor, 06/13/2014