Oil price correlated after US Secretary of State comments

FXStreet (Łódź) - Independent Analyst Malcolm Graham-Wood observes that following US Secretary of State John Kerry's remarks on Monday that the US support in Iraq would be ‘sustained and intense’ if Iraqi leaders unite, the oil price has had a technical correction last night and again this morning.

Key quotes
"Export figures for Iraq in the last few days also show that there is no loss of exports from there at the moment."

" It should be said that the situation remains fragile as ISIS have apparently made more gains in ground and at the refinery under siege."