Bloomberg | Oil Jumps as Iraqi Forces Move Toward Kirkuk, Seize Oil Fields Bloomberg Their advance comes amid clashes following an independence referendum by the semi-autonomous Kurdistan Regional Government, or KRG, on Sept. 25. Iraqi Kurds have halted oil output at two areas in Kirkuk due to the conflict, according to a NOC official. Oil prices could see prolonged rally on Iraqi and Kurdish tensions, expert says Oil hits nearly 3-week high as Middle East tensions threaten supplies Kirkuk escalation nudges up oil prices |