Crude oil may end the week with another gain on the back of disrupted supply from Iraq. The disruption resulted from a dispute between Baghdad and the government of the semi-autonomous Kurdistan region, which exports some 400,000 bpd of crude via Turkey. After a recent court ruling that stated Kurdistan has no right to export its crude without the approval of the central Iraqi authorities, the sole pipeline carrying Kurdish oil to Turkey was shut down and negotiations began.
Negotiations are still ongoing but the pipeline remains shut and production…Oil Prices Set For A Weekly Gain As Traders Await New Inflation Data
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