Turkey’s oil flows after failed coup

The price of crude slipped following the failed Turkey coup as shipments continued through the vital conduit for oil from Russia and Iraq to the Mediterranean Sea.

Futures declined as much as 2.3% in New York, erasing gains triggered by the attempted coup on Friday.

Oil tankers are loading and unloading at Turkey’s ports and supplies are arriving in ships and pipelines from neighbouring countries, an energy ministry official said on Sunday, asking not to be identified in line with ministry rules.