Concerns about Iraq's oil future following unrest

The bloody battles in Iraq are causing ripples in the oil markets, and the International Energy Agency fears a lower production growth.

Unrest on the global oil markets is spreading as the Iraqi rebel group Isil strengthens its positions and moves the bloody clashes in Iraq closer and closer to the capital of Baghdad.

Even though the markets have not yet reacted with overwhelming fear, ripples have been seen, and most recently the International Energy Agency (IEA) has voiced concerns about the situation. In Norway oil producer DNO has noticed the consequences of these concerns, and last week the international oil index rose to the highest level in nine months.

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