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June 13th, 2014
08:08 PM ET

What a terrorist-controlled Iraq could mean for oil prices

The conflict in Iraq is hurting every American already- oil prices rising about 4% this week to a 9-month high.

Iraq has some of the largest oil reserves in the world, and it has actually been pumping out quite a bit of it lately

According to the International Energy Agency, Iraq produced about 3.37 million barrels of oil per day last month. It's not far off from the country's record highs set back in 1979.

Joining us tonight with more on how the Iraqi crisis could hit your wallet is Dan Dicker, an oil trader and president of MercBloc.

View my Flipboard Magazine.

Filed under: Economy • International • Iraq • National Security
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