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Oil climbs as tensions rise over Iraqi Kurdistan's vote of independence

US light crude was 60 cents higher at $52.74 after reaching a five-month intra-day high of $52.86 a barrel

Reuters  |  London 

Oil prices rose on Thursday, spurred by rising tension around northern Iraq following the autonomous Kurdistan region's vote in favour of independence in a referendum. Brent crude oil was up 60 cents at $58.50 a barrel by 0945 GMT. It hit a more than two-year high of $59.49 on Tuesday after Monday's referendum vote prompted Turkey to threaten to close the region's oil pipeline. US light crude was 60 cents higher at $52.74 after reaching a five-month intra-day high of $52.86 a barrel. "Kurdistan and Northern Iraq now export 500,000-550,000 barrels per day ...

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First Published: Thu, September 28 2017. 17:20 IST
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