MARKET REPORT: Oil and mining shares plunge as Iraq announces 5% export boost
![MARKET REPORT: Oil and mining shares plunge as Iraq announces 5% export boost](http://i.dailymail.co.uk/i/pix/2016/08/22/20/10D5E33B00000514-0-image-m-3_1471894858775.jpg)
The revelation from Opec's second largest producer sent the price of crude spiralling by almost 3% and back below $50 a barrel. Fresnillo was the greatest faller on the FTSE for the day, losing 5.9%.