Mizuho’s Yawger Says ‘Iraqi War Premium’ Gone from Oil (Audio)

Bob Yawger, director of the futures division at Mizuho Securities USA Inc. in New York, says even though the conflict in Iraq is far from resolved the “Iraqi war premium” that pushed up oil prices over the past month has been eliminated because it no longer seems likely that the flow of the oil supplies in the region will be disrupted. He says the price of crude oil is vulnerable to increased supplies in both Libya and the U.S. if barrels currently in storage are released into the market. Yawger speaks with Bloomberg’s Kathleen Hays on Bloomberg Radio’s "The Hays Advantage".

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