WASHINGTON, D.C. (Bloomberg) -- Crude oil rose as U.S. President Barack Obama authorized airstrikes in parts of Iraq, OPEC’s second-largest producer, while Chevron Corp. said it was withdrawing some workers. Brent futures advanced as much as 1.3% in London and West Texas Intermediate by 1.1% in New York. Obama said Aug. 7 that the strikes, if needed, would be used to protect U.S. personnel and Yezidis, a minority sect concentrated in northern Iraq, who have been targeted by militants and are stranded on a mountain. Conflict in the OPEC producer has so far spared production in Iraq’s south, home to about three-quarters of its crude output.
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Crude prices rise as Obama authorizes airstrikes in North Iraq
![Crude prices rise as Obama authorizes airstrikes in North Iraq]()
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