Oil Worries: Iraq Focus Keep Oil Near $115
Oil traded at close to nine-month highs on Friday, on course for a second week of gains, as violence in Iraq raised worries over supplies. Stock markets remained upbeat. Buoyed by the billions of dollars the U.S. Federal Reserve is still pumping into the global economy under its quantitative easing programme, equity markets took heart from a sanguine message this week on inflation from Fed chief Janet Yellen. That effect was still dominant on Friday. All of Europe's major exchanges inched up, although the MSCI index of world shares dipped 0.2 percent from record highs it reached on Thursday.