Oil prices rise because of the fighting in Iraq and Yemen

Oil prices rise because of the fighting in Iraq and Yemen
2015-05-18T07:29:40+00:00

production halted this rise.

The price of Brent crude to the nearest maturity month, nine cents to $ 66.90 a barrel by 0311 GMT. While US crude rose from six cents to $ 59.75.

Price has strengthened fears that the conflict in Iraq and Yemen disrupt the production or supply routes.

In spite of the conflict in the Middle East, analysts said that oil supplies in the oil markets are still good and that an oversupply may increase if production of the United States increased.

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