Oil prices at new high on fears of Turkish attack in Iraq
{{date|October 16, 2007}}

[[w:Crude oil|Crude oil]] rose to an all-time high during trading in [[Asia]] to close at [[w:United States Dollar|US]]$86.13 a barrel, up $2.44. The price of [[w:Brent Crude|Brent Crude]] futures was at $84.40 at 6:39 a.m.. Crude stock futures at 6:08 a.m. ([[w:eastern time zone|eastern time]] in the [[United States]] were trading at $87.52, nearing $90.00 a barrel.

The spike is being blamed on fears that [[Turkey]] is going to attack [[Iraq|Iraqi]] [[w:Kurdistan Workers Party|Kurdish Militants]] of the [[w:Kurdistan Workers Party|Kurdistan Workers Party]] (PKK) after they killed 13 Turkish soldiers on October 7. On Monday, the Turkish military asked Parliament for permission to lead a mission into Iraq to hunt down militants.

There are at least 60,000 Turkish troops along the Iraq-Turkey border.

{{haveyoursay}}
== Sources ==
*{{source|url=http://www.localnewsleader.com/elytimes/stories3/index.php?action=fullnews&id=190174
|title= Oil prices rise to new intraday record
|author=Gillian Wong
|pub=Ely Times
|date=October 16, 2007}}
*{{source|url=http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/305891/1/.html
|title=Oil at record high of above US$86 in Asia
|author=
|pub=Channel News
|date=October 16, 2007}}
*{{source|url=http://www.abc.net.au/news/stories/2007/10/08/2053936.htm
|title=13 Turkish soldiers killed near Iraq border
|author=
|pub=ABC.net.au
|date=October 8, 2007}}

==External links==
*{{source|url=http://www.bloomberg.com/energy/
|title=Current Energy prices
|author=
|pub=Bloomberg
|date=Current}}

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{{archived}}

[[Category:Economy and business]]
[[Category:Politics and conflicts]]
[[Category:Asia]]
[[Category:United States]]
[[Category:Turkey]]
[[Category:Iraq]]
[[Category:Kurdistan Workers' Party]]
[[Category:Europe]]
[[Category:Middle East]]
[[Category:North America]]
[[Category:Kurdistan (Iraq)]]
Crude oil rose to an all-time high during trading in Asia to close at US$86.13 a barrel, up $2.44. The price of Brent Crude futures was at $84.40 at 6:39 a.m.. Crude stock futures at 6:08 a.m. (eastern time in the United States were trading at $87.52, nearing $90.00 a barrel.

The spike is being blamed on fears that Turkey is going to attack Iraqi Kurdish Militants of the Kurdistan Workers Party (PKK) after they killed 13 Turkish soldiers on October 7. On Monday, the Turkish military asked Parliament for permission to lead a mission into Iraq to hunt down militants.

There are at least 60,000 Turkish troops along the Iraq-Turkey border.
Economy and business Politics and conflicts Asia United States Turkey Iraq Kurdistan Workers' Party Europe Middle East North America Kurdistan (Iraq)