Mosul Falls to Insurgents in Iraq a¿¿ What Happens to Oil?

Now watching

Next video starts in : 7 Play

Mosul Falls to Insurgents in Iraq a¿¿ What Happens to Oil?

Mosul Falls to Insurgents in Iraq a¿¿ What Happens to Oil?
Replay video
Up next

Stocks Post May Gain; Humana Considers Sale

Unlock your personal NFL Now stream by signing in to NFL.com

Mosul Falls to Insurgents in Iraq a¿¿ What Happens to Oil?

by TheStreet 3:27 mins

Mosul Falls to Insurgents in Iraq a¿¿ What Happens to Oil?

by TheStreet 3:27 mins

Energy expert and Senior Contributor Dan Dicker talks to Jim Cramer about the recent fall of Mosul in Iraq to anti-government Islamic forces. While only minor and marginal oil facilities are in the area of the fighting, the worry is that the battleground area will spread and threaten the Kirkuk oil field in the North, one of the largest oil fields in the world. The question remains whether insurgent action will find itâ¿¿s way south, where the majority of Iraqi oil assets lie. Dicker also believes that the recent fighting will cap investment in Iraq for the moment and could put further long-term upwards pressure on oil prices.

TheStreet

Personal Finance

Market Movers

  1. 12:25

    GDP turns negative in Q1; Game Stop's high score; Amazon's food line

  2. 2:09

    JPMorgan to cut more than 5,000 jobs: WSJ

  3. 2:03

    GDP shows economy shrank in the first quarter

  4. 3:42

    Amazon may be planning to roll out its own private-label brand: WSJ

  5. 11:06

    Investors eye China/jobs; Semiconductor megamerger; Visa's FIFA threat

  6. 2:12

    Abercrombie & Fitch jumps; Costco falls; Broadcom & Avago merge