Tag: crude firms

Asian shares slip, crude firms as market eyes Iraq

(Reuters) – Asian shares got off on the back foot on Monday, as crude extended gains and tested nine-month highs on fears the insurgency in Iraq could spread – disrupting oil exports. Sunni insurgents seized a mainly ethnic Turkmen city in northwestern Iraq on Sunday, while the United States boosted security for its diplomatic staff in Baghdad and said some personnel had evacuated from the embassy. Brent LCOc1 rose about 0.5 percent to $113.07 per barrel, after touching $114.69 […]