Economy News - Baghdad:
Oil prices rebounded on Wednesday as they fell on Tuesday as some Saudi supplies returned to the global market as well as global industrialists looked to start talks between China and the United States to ease their trade war on Thursday.
At 10 am (0400 GMT) in Baghdad, Brent crude was trading at $ 64.68, up 15 cents, or 0.22% from yesterday's close.
WTI was trading at $ 59.10 a barrel, keeping its price unchanged.
Oil prices rose earlier this week due to attacks on Saudi Aramco that led to the exit of 5% of global production.
Energy Minister Prince Abdulaziz bin Salman said oil production would average 9.89 million bpd in September and October and the world's top crude exporter would provide customers with full oil supplies this month.
Oil prices may fall by the end of the day due to Nigeria's lack of commitment to cut production and the lack of global oil demand due to the US-China conflict.
economy-news.net/content.php?id=17792
Oil prices rebounded on Wednesday as they fell on Tuesday as some Saudi supplies returned to the global market as well as global industrialists looked to start talks between China and the United States to ease their trade war on Thursday.
At 10 am (0400 GMT) in Baghdad, Brent crude was trading at $ 64.68, up 15 cents, or 0.22% from yesterday's close.
WTI was trading at $ 59.10 a barrel, keeping its price unchanged.
Oil prices rose earlier this week due to attacks on Saudi Aramco that led to the exit of 5% of global production.
Energy Minister Prince Abdulaziz bin Salman said oil production would average 9.89 million bpd in September and October and the world's top crude exporter would provide customers with full oil supplies this month.
Oil prices may fall by the end of the day due to Nigeria's lack of commitment to cut production and the lack of global oil demand due to the US-China conflict.
economy-news.net/content.php?id=17792