Oil rises $1 a barrel as restart of Kurdish oil exports stalls

Oil rises $1 a barrel as restart of Kurdish oil exports stalls

Pipeline oil exports from Iraq's Kurdistan region to Turkey had yet to restart on Tuesday despite hopes of a deal to end the deadlock, as two key producers asked for debt repayment guarantees

Oil, Gold, and Coffee Soar as Supply Shocks and Safe-Haven Rush Roil Commodities Markets

Energy Commodities: Oil & Gas Oil markets saw a sharp upswing over the past two days. On Tuesday, Brent crude rallied 1.6% to $67.63/barrel and WTI to $63.41 as news broke that Iraq’s Kurdistan export pipeline remains offline, stalling an expected restart reuters.com reuters.com. Traders had “sold off on reports of a Kurdistan deal, and the lack of a deal has now taken those barrels out of the market,” noted Phil Flynn of Price Futures reuters.c…