THE INTERPRETER: ISIS nets $50mn per month from smuggled oil - reports — Islamic State militants are gaining at least $50 million per month from illegally selling crude oil from occupied oil fields in Iraq and Syria, Iraqi and US officials say. The jihadists are selling the ‘black gold’ at extremely low prices. Trends Islamic State The extremists are reportedly selling crude oil at $35 per barrel, sometimes as little as $10 per barrel, four Iraqi intelligence officials told AP : RT News