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Energy Experts: Iraq-Driven Oil Price Rise Likely Temporary

World oil prices are at their highest levels of the year as escalating violence in Iraq threatens to disrupt exports. As a major oil-producing nation, Iraq's political stability is crucial keeping energy prices steady. But energy analysts say there’s no reason to panic — yet. As OPEC’s second biggest oil producer, Iraq pumps out more than three million barrels per day, which is why territorial gains this week by an al-Qaida splinter group in oil-producing regions are...

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