Oil companies remove staff from Iraq

Some major oil companies are evacuating staff from northern Iraq after President Barack Obama authorized targeted airstrikes.

The airstrikes, launched Friday against Islamic extremists in the Kurdistan region of Iraq, prompted Genel Energy, Afren and Oryx Petroleum to withdraw employees and temporarily suspend drilling at some sites, according to CNNMoney.

Crude oil prices were largely unaffected. Prices rose 0.3 percent to $97.62 a barrel on Friday.

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