Oil prices are dropping globally


Baghdad Oil prices fell this morning, Wednesday, due to concerns about future demand, after data showed that China’s imports of crude oil in the first half of the year declined and amid concerns about supplies as the world recovered from the Corona virus.

Brent crude was down 20 cents, or 0.19 percent, at $76.31 a barrel, after rising 1.8 percent on Tuesday.

West Texas Intermediate was down 23 cents, or 0.32%, at $75.02 a barrel, after jumping 1.6% in the previous session.


Source: National Iraqi News Agency