Brent crude oil rose past $114 a barrel on Wednesday on worries about exports from Iraq, while U.S. crude dipped as government numbers showed a much smaller draw in domestic stocks than an industry report showed a day earlier.
Sunni militants opposing Baghdad's Shi'ite government battled their way into the refinery of Baiji north of the capital. Some reports said rebels controlled up to three quarters of the refinery.
Brent crude rose 70 cents to over $114 a barrel. U.S. crude, however, fell 39 cents to settle at $105.91 a barrel after U.S. Energy Information Administration (EIA) data showed a much smaller draw in domestic inventories than the American Petroleum Institute, an industry group, had reported on Tuesday.