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Investors Iraq News
06-14-2017, 05:12 PM
Oil slides due to Gulf diplomatic crisis

As diplomatic clash emerges between OPEC member, specifically between Saudi Arabia and Qatar, earlier gains of oil has erased out. Futures slipped 0.6% in New York, erasing an earlier gain of 1.6%. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt said they will suspend air and sea travel to and from Qatar, escalating a crisis that started over its relationship with Iran.

Source: IraqDirectory.com (http://iraqdirectory.com/en/2017/06/14/30830/oil-slides-due-to-gulf-diplomatic-crisis.aspx)

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