Crude oil hits 2014 high

Turmoil in Iraq prompted concerns about oil supply as Sunni rebels from an al Qaeda splinter group captured Mosul, the country's second largest city, and moved closer to the capital Baghdad.

Crude for July delivery rose 1.7% to $106.16 a barrel, their highest since 19 September 2013. At time of writing, oil futures are trading at $106.05/bbl, up 1.6% on the day.

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