Kurdistan's oil exports halted, causing WTI to break $70.
TL;DR Summary
Oil prices rose by 2% on Monday, with WTI Crude trading above $70 a barrel again, driven up by a halt to Kurdistan's 400,000-bpd of crude exports and signs of easing concerns about the global banking sector. Kurdistan's crude oil exports were halted last week by the federal government of Iraq after the International Chamber of Commerce ruled in favor of Iraq against Turkey in a dispute over crude flows from Kurdistan. Apart from the supply scare from Kurdistan, oil prices were also supported early on Monday by signs of easing concerns about the banking system in the United States.
- WTI Breaks $70 As Kurdistan Halts Oil Exports OilPrice.com
- Iraqi Kurdistan region's oil output at risk after Turkey halts pipeline exports Reuters.com
- Oil up 3% on Kurdish exports halt, trimming looming Q1 loss By Investing.com Investing.com
- Kurdistan's 400,000-Bpd Oil Exports Still Shut-In As Talks With Iraq Fail OilPrice.com
- Some Oil Shares Slide After Ruling Stops Iraqi Pipeline Flows The Wall Street Journal
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