Economy News - Baghdad:
Oil prices in the global market fell on Wednesday by 50 cents after consumers were assured that Saudi production would return to normal as well as the non-compliance of some countries with the OPEC + production cut agreement and increasing shale oil production.
At 2:30 pm Iraq time, Brent oil fell 0.73%, or 50 cents, to $ 64.05 a barrel, while WTI fell 0.68% to $ 58.7.
International reports indicate that oil prices will return to less than $ 60 after Saudi Arabia recovers all of its production lost during the bombing of Aramco.
The non-compliance of Nigeria in the OPEC + agreement, as well as the reassurance of consumers from the return of Saudi production during the next month to the previous one in addition to shale oil will lead to lower oil prices.
Brent crude opened higher this morning at $ 64.55 a barrel.
economy-news.net/content.php?id=17797
Oil prices in the global market fell on Wednesday by 50 cents after consumers were assured that Saudi production would return to normal as well as the non-compliance of some countries with the OPEC + production cut agreement and increasing shale oil production.
At 2:30 pm Iraq time, Brent oil fell 0.73%, or 50 cents, to $ 64.05 a barrel, while WTI fell 0.68% to $ 58.7.
International reports indicate that oil prices will return to less than $ 60 after Saudi Arabia recovers all of its production lost during the bombing of Aramco.
The non-compliance of Nigeria in the OPEC + agreement, as well as the reassurance of consumers from the return of Saudi production during the next month to the previous one in addition to shale oil will lead to lower oil prices.
Brent crude opened higher this morning at $ 64.55 a barrel.
economy-news.net/content.php?id=17797