Rocket hit a foreign oil company headquarters in Iraq’s Basra, Oil unfazed

Amid rife Middle East geopolitical tensions, fresh headlines are crossing the wires, citing that Iraqi police and officials saying that a rocket hit a foreign oil company headquarters in Iraq’s Basra.

The police noted that two Iraqi staff wounded in explosion.

Meanwhile, the both crude benchmarks show little reaction to the above headlines, with WTI steady just ahead of the 54 handle while Brent oil clings to the 62.00 level.