16 Jun 2014
Oil prices boosted by geopolitical jitters – Danske Bank
FXStreet (Edinburgh) - Chief Analyst at Danske Bank Allan von Mehren noted the situation in Iraq is reflecting in higher crude oil prices.
Key Quotes
“Apart from the Fed meeting, a rise in oil prices related to the territorial gains by Iraqi Sunni insurgents are causing some jitters”.
“The Brent oil price rose on Friday to close to USD115 per barrel but has eased a bit to USD113 per barrel”.
“Sunni insurgents made new gains in northern Iraq on Sunday although their push towards Baghdad appeared to slow amid mounting resistance from Shia militias”.
Key Quotes
“Apart from the Fed meeting, a rise in oil prices related to the territorial gains by Iraqi Sunni insurgents are causing some jitters”.
“The Brent oil price rose on Friday to close to USD115 per barrel but has eased a bit to USD113 per barrel”.
“Sunni insurgents made new gains in northern Iraq on Sunday although their push towards Baghdad appeared to slow amid mounting resistance from Shia militias”.