Baghdad Oil prices fell near their lowest levels in two months, with the decline in supply, concerns about China’s demand for fuel and the rise in interest rates on prices.
Brent crude futures contracts for January fell 88 cents, or 1 %, to $86.74 a barrel by 04:03 GMT, after settling at their lowest level since September 27.
US West Texas Intermediate (WTI) crude futures for December were at $79.18 a barrel, down 90 cents.
Source: National Iraqi News Agency