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MARKET WATCH: Crude oil futures prices gain traction amid Iraqi strife

08.08.2014 / Energyboardroom

Crude oil futures prices gained traction Aug. 7 just as news of rebels belonging to the Islamic State in Iraq and Syria, or ISIS, were seizing more land in the vicinity of Kurdistan, “coming unsettlingly close to a number of oil projects and prompting some international companies to evacuate,” said analysts with Raymond James & Associates Inc.

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