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    Oil prices rise due to PKK crisis?

    Hürriyet Haber
    14 Ekim 2007 - 15:06Son Güncelleme : 14 Ekim 2007 - 16:06

    The price of crude oil surged to $84.05 a barrel yesterday. CNN, The Financial Times and Bloomberg blamed the hike on tensions caused by Turkey’s possible invasion of northern Iraq.

    The Financial Times report said that the Turkish parliament was set to vote on the government’s wish to launch a military operation in northern Iraq, where PKK groups are believed to be hiding.

    The Financial Times also cited Turkey's claim that is prepared for international criticism in the event that invasion takes place.

    The publication also blamed rising oil prices on declining reserves and bad weather.


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