Oil extends rally from 2014 high as Iraq pipe blast hits supply

January 19, 2022 9:16 AM

NEW YORK (Bloomberg) – Oil extended gains in Asia from the highest close since 2014 after a key pipeline running from Iraq to Turkey was hit by an explosion, taking out crucial supply from an already tight market.

Source : https://www.straitstimes.com/business/economy/oil-extends-rally-from-2014-high-as-iraq-pipe-blast-hits-supply