An oil tanker from the Kurdistan Region of Iraq (KRI) recently discharged its cargo at a U.S. port, marking the first such delivery since the Iraq-Turkey Pipeline (ITP) was reopened approximately two months ago. This development signals a potential increase in the flow of Iraqi Kurdish crude to the U.S., driven by both the demand for the medium-heavy sour blend and strategic considerations, especially in light of recent geopolitical tensions, such as the rocket attack on the KRI’s Khor Mor gas field.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Over the past month, Natural Gas has seen a price decrease of 5.99%, while US Crude and Brent Crude have declined by 3.37% and 3.84%, respectively. In terms of short-term technical analysis, Natural Gas is currently rated as Hold, whereas both US Crude and Brent Crude have a Sell signal. Investors can explore more updates, prices, and analysis across global markets at Commodities.