Oil rises as US approves Iraq air strikes

Rising prices: news of the US approving air strikes in Iraq sent oil prices upwards on fears of supply disruptions

Oil prices on both sides of the Atlantic rose more than $1 on Friday, with Brent nearing $107 a barrel after the US approved air strikes against Islamic militants in Iraq, raising the threat of oil disruptions from the key oil producer.

Newsletter signup


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?