Over the past several months, ISIS forces in Iraq have been selling oil from captured refineries on the black market in order to fund their terrorist activities and wreak havoc on the region.

Despite the crisis in Iraq, crude oil prices are down this month near $93 per barrel.

But Money Morning’s Global Energy Strategist Dr. Kent Moors says a “great danger” in the region could send crude oil prices much higher.

Watch this video for the details…

Related Posts

• What China Doesn’t Understand About the U.S. “Shale Game”
• The Situation Room: IPOs and International Shipping Concerns
• There Are Shifts Underway in Private U.S. Energy Investment
• Try Your Luck with This “Motherlode” Discovery
• The Situation Room: When Wild Volatility Strikes the Market