Oil jumps as fighting in Iraq's oil-rich Kirkuk shuts output

Tehran (KNA) - Oil markets jumped on Monday as Iraqi forces entered the oil city of Kirkuk, taking territory from Kurdish fighters and briefly cutting some output from OPEC’s second-largest producer.

Oil jumps as fighting in Iraq's oil-rich Kirkuk shuts output
News Number: 4708
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Iraq launched the operation in the multi-ethnic region on Sunday as the crisis between Baghdad and the Kurdish Regional Government (KRG) escalated. Tensions have been building since the KRG voted for independence in a Sept. 25 referendum.

Source: Reuters

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