Turkey's Iraq raid bumps up oil prices

Oil prices jumped sharply today after Turkish forces entered northern Iraq in search of Kurdish rebels, raising fears that the conflict would cut oil supplies from the region.

Turkey's Iraq raid bumps up oil prices
Tue, 18 Dec, 2007 - 15:42

Oil prices jumped sharply today after Turkish forces entered northern Iraq in search of Kurdish rebels, raising fears that the conflict would cut oil supplies from the region.

Industry analysts fear Kurdish rebels will respond by sabotaging the oil pipeline that runs from northern Iraq to Turkey.

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