Iraq oil exports jump

Iraq's oil exports rose in September after the sale of nearly five million barrels of Kirkuk crude from the country's northern fields, shipping sources said on Tuesday.

Exports in September climbed to 1.67 million barrels per day (bpd) from 1.52 million bpd in August, according to shipping data compiled by Reuters.

The increase in shipments will bring in more revenue for Iraq as it coincides with a jump in oil prices to a record high of $83.90 a barrel for US crude WTI on September 20.

Exports rose because Iraq sold 4.6 million barrels of crude from its northern Kirkuk oilfields, offsetting a decline in shipments from its main terminal Basra in the south.