Crude Rises On News ISIS Has Entered One Of Baghdad’s Suburbs

by Tyler Durden
ZeroHedge.com
10/10/2014

ust like the German-economy crushing Ukraine civil war, which promptly faded into obscurity, so the mainstream appears to have bored quickly with the recent developments surrounding ISIS, with conventional wisdom inexplicably convinced that US airstrikes have managed to stop the Al-Qaeda 2.0 menace dead in its tracks. Nothing could be further from the truth.

But while the western world could care less about the fate of some backwater town on the border between Syria and Turkey, it certainly cares about what happens to the Iraqi oilfields located south of Baghdad (which serve to determine the marginal price of oil around the world). Well, the world may not care, but crude traders certainly do, and the reason why oil appears to be rising in recent trade…

The Rest…HERE

This entry was posted on Friday, October 10th, 2014 at 1:49 pm and is filed under Oil, War Without End, World Politics, World War 3?. You can follow any responses to this entry through the RSS 2.0 feed.