How Much Does ISIS Make on Selling Oil?
Iraq’s Finance Ministry has said ISIS militants are selling oil for as little as $20 per barrel. Though the global market price is steadily declining, at that price (which is not confirmed) ISIS would be selling its oil extremely cheaply, at a discount of around 75 percent. The global oil market price was around $78 per barrel this Monday, down about 30 percent since June this year.
Read more at: Newsweek
