Energy Experts: Iraq-Drive Oil Price Rise Likely Temporary

June 13, 2014 02:40 PM
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World oil prices are at their highest levels of the year as escalating violence in Iraq threatens to disrupt oil exports. Iraq is a major oil-producing nation, and a serious disruption there could have significant impact on energy prices. But, as Mil Arcega reports, energy analysts say there's no reason to panic - just yet.