Crude Oil Prices May Rise $15 on Iraq Unrest

Crude Oil Prices May Rise $15 on Iraq Unrest Play

June 16 (Bloomberg) -- Victor Shum, a vice president at IHS Energy Insight, a consultant in Singapore, talks about the crude oil market. The international crude oil benchmark surged above $114 on June 13 for the first time in nine months as militants routed the Iraqi army in the north and advanced toward Baghdad, threatening to ignite a civil war, Shum speaks with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)

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