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Friday, 13 June 2014

Oil keeps rising, nears $107 on Iraq fighting

In this still image posted on a militant Twitter account on Wednesday, June 11, 2014, which has been authenticated based on its contents and other AP reporting, militants parade down a main road in Mosul, Iraq. Iraqi officials say al-Qaida-inspired militants who this week seized much of the country's Sunni heartland have pushed into an ethnically mixed province northeast of Baghdad, capturing two towns there.(AP Photo/militant source via Twitter) The price of oil continued to climb Friday, nearing $107 a barrel as Iraq's widening insurgency fueled concerns that crude supplies from OPEC's No. 2 producer could be hurt.








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