Asian shares were on the back foot early on Wednesday, taking their cue from Wall Street as the deepening crisis in Iraq and a report that the U.S. could be loosening restrictions on crude exports triggered a rally in oil prices. U.S. Secretary of State John Kerry urged leaders of Iraq's autonomous Kurdish region on Tuesday to stand with Baghdad in the face of a Sunni insurgency, as security forces fought the rebels for control of the country's biggest oil refinery. A senior U.S. intelligence official said that the insurgents were "well positioned" to hold a broad swathe of territory captured in northern and western Iraq unless the Baghdad government can muster a counter-offensive. Adding to upward pressure on oil prices was a Wall Street Journal report that U.S. officials have allowed two companies to export a kind of ultra-light oil known as condensates, a first step that effectively loosens a 40-year ban on most U.S. crude exports.
via Business News - Yahoo Finance http://ift.tt/1v3F87z
0 commentaires:
Enregistrer un commentaire