Oil Prices Rise, As Major Economies Expected To Recover

Baghdad Oil prices rose again, today, Monday, amid investor bets that the introduction of vaccines will turn the tide against the outbreak of the Coronavirus in the major economies and their recovery, at a time the Iranian talks are making progress, and the Organization of Petroleum Exporting Countries (OPEC) and its allies are easing common production limitations.

Brent crude rose in the July settlement 0.61 percent to $ 66.76 a barrel on the European Futures Exchange, while West Texas Intermediate crude for July delivery rose 0.60% to $ 63.95 a barrel on the New York Mercantile Exchange, according to Reuters.

Source: National Iraqi News Agency