Oil prices continued to climb Friday, topping $107 a barrel, after an al-Qaida-inspired group vowed to march on Baghdad after capturing two key Iraqi cities this week.
A benchmark for international oil, Brent crude, also jumped 54 cents to $112.96 a barrel on the ICE Futures exchange in London today.
Iraq developments could affect global supplies
As reported earlier, Iraq appears to be teetering ever closer to the verge of collapse. Forces from the semi-autonomous Kurdish region moved quickly to seize control of Kirkuk, a key city...
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