Crude Rises On News of ISIS Entering Baghdad Suburbs with MANPADs

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http://bit.ly/1zfNXza CBS reports that the arrival of ISIS is cause for serious concern now that the Iraqi Defense Ministry has confirmed ISIS has MANPADs, shoulder fired anti-aircraft missiles. But while the western world couldn't care less about the fate of some backwater town on the border between Syria and Turkey, it certainly cares about what happens to the Iraqi oilfields located south of Baghdad (which serve to determine the marginal price of oil around the world). Well, the world may not care, but crude traders certainly do, and the reason why oil appears to be rising in recent trade... http://bit.ly/1yifh1T





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