Alsowhat I find most interesting is that this drop is being played as a reaction that the rioting in Iraq would not affect their oil production. Meaning that it's the status quo as of today. The status quo should not result in a drop. I will also add that what the Iraqi press is releasing conflicts with what the actual situation is demonstarting. Here is a link to an article from today indicating that fightng has erupted with many dead. Not exactly the status quo and NEVERMIND any improvement in the energy crisis.
https://oilprice.com/Latest-Energy-News/World-News/At-Least-15-Dead-As-Violence-Erupts-In-Iraqs-Green-Zone.html