By George Kerevan
How is the Iraq crisis affecting North Sea oil? Reminder: the UK Office for Budget Responsibility is using $100 a barrel as its reference for predicting the oil revenues until 2018-19.
So far, the markets haven’t been panicked by the capture of western Iraq by Sunni insurgents dominated by the Isis group. North Sea Brent crude jumped to a nine-month high of $115 a barrel on 19 June, after Isis seized control of Mosul.