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Extremely flat trade for Crude Oil in the.......>

OIL
OIL: Extremely flat trade for Crude Oil in the Asia-Pac session, moving within a
$0.14 range, last at $51.81.
- On the overnight Crude Oil surged to peak at around $52.37, levels last seen
at the end of September, Barclays said: "Crude oil prices surged higher as Iraqi
forces clashed with Kurdish forces as they tried to regain control of the
northern region. According to reports, Iraqi Kurds have halted output at two
areas due to the conflict. Iraqiya television has also reported that government
forces have captured a refinery, gas plant and other facilities. The Kurdish
region produces between 0.5-0.6mb/d of oil, which is exported via a pipeline
through the Turkish port of Ceyhan. This comes as the market was also concerned
about potential supply-side disruptions after President Trump failed to certify
the Iran nuclear agreement. That raises the risk of Iran oil exports coming
under scrutiny once again."

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