You are here: Home » International » News » Markets
Business Standard

Brent jumps to 13-year high in Q3 over Turkish-Kurd face-off

Kurdistan still threatening to halt up to 600,000 barrels per day of production from the semi-autonomous region

Reuters  |  Amsterdam 

Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region's crude supplies, helping Brent prices to their strongest third-quarter performance since 2004. Global benchmark Brent crude was up 1 cent at $57.42 a barrel at 1122 GMT, notching up a third-quarter gain of around 20 percent. The contract had reached its highest in more than two years earlier in the week, resulting in a fifth consecutive weekly gain. This performance is Brent's longest weekly bull run since June 2016. U.S. crude traded flat at $51.56 a barrel, on track for its ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, September 29 2017. 19:36 IST
RECOMMENDED FOR YOU