Oil prices have fallen sharply over the past week, as the swift return of disrupted Saudi oil production allowed markets to look past geopolitical risk. But that doesn’t meant that supply risks have gone away. Saudi Arabia says that production at the Abqaiq facility has returned to pre-attack levels, and the impressive turnaround allowed oil prices to sink. But the sudden eruption of protests in Iraq, and the ensuing crackdown, has raised the prospect of further instability in a key oil-producing country in the Middle East. Over the last three days, at least 20 people have been killed in Iraq by security forces, while more than 1,000 have been injured. Protests have rocked Baghdad, as well as many other cities. The internet is down in much of the country, according to Al-Jazeera and AFP News. The problem for the government is that these are longstanding grievances, and they run […]