There are reports that all Iraqi exports are running normally. If the worry was that Iraqi exports would cease and they haven't, then there is nothing to worry about.
More Quotes from Peter Gignoux:
The last time the U.S. was engaged militarily in Iraq, oil prices shot up to about 42 a barrel,Peter Gignoux
By having a diplomatic meeting, they're ratcheting OPEC up one notch from a producers' cartel to a quasi-diplomatic organization. It's a rare occurrence.
Peter Gignoux
OPEC should be terribly pleased. Its income has gone up mightily last year and this year.
Peter Gignoux
Yesterday's rally was based on a number of factors. There was some financial geometry in there as well. It was an options expiry day on the New York Mercantile with a rising market. That gave it a little more oomph than it needed. Now that oil's flowing, prices are coming back in line.
Peter Gignoux
I would expect that they'd steer clear of the oil installations. They're fundamental to the oil-for-food process,
Peter Gignoux
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