‘Oil shares plunge as Iraq announces 5% export boost’ @investorseurope #oil

The revelation from Opec’s second largest producer sent the price of crude spiralling by almost 3% and back below $50 a barrel. Fresnillo was the greatest faller on the FTSE for the day, losing 5.9%.

Source: investorseurope.ooo

 

‘Oil and mining stocks dragged the market lower yesterday after Iraq announced it is increasing its oil exports by 5 per cent in the coming days. The revelation from Opec’s second largest producer sent the price of the black stuff spiralling by almost 3 per cent and back below $50 a barrel.’

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