The price on the markets for Crude Oil has risen dramatically as the battle in the Baiji Oil Refinery in Iraq rages on. Isis Militants in Iraq captured the refinery, which has had impact worldwide. The markets for Crude Oil and Crude Oil Brent have revved upwards since 6th June, around when tensions in Iraq over oil and the Isis terror threat began to increase. Crude Oil has spiked by around $4, possibly nearing $5 soon. Crude Oil Brent has risen by over $6. This has caused petrol prices around the world to spike, India which was already suffering from a power crisis and a shortage of coal has had its petrol prices put into overdrive. As foreign forces arrive in Iraq to try and minimise the violence and damage, the battle goes on. Foreign dignitaries, politicians, diplomats have been giving there orders and instructions, trying to expel the Isis militants from Iraq's largest, and the internationally counted upon Oil Refinery.
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