BBC NEWS | Business | Oil hits $86 on Turkey tensionsGlobal oil prices have surged to fresh highs after increased tensions between Turkey and Kurdish rebels in northern Iraq and concerns over production. In New York, US light, sweet crude soared by $2.44 to settle at a record $86.13 while Brent crude added $2.20 to finish at $82.75. Analysts said the rises followed reports that Turkish forces had shelled an Iraqi border village overnight. Separately
Kurds Reach New Oil Deals, Straining Ties With Baghdad (Published 2007)
