Baghdad  Oil prices continued to rise for the fourth consecutive day, due to concerns related to global supply.

Reuters reported that by Friday morning, Brent crude rose 12 cents, or 0.2 percent, to $ 77.37 a barrel, after reaching its highest level since July and closing at its highest level since October 2018.

The price of US oil also rose 6 cents, or 0.1 percent, to $ 73.36 a barrel, after closing up 1.5 percent in the previous session, its highest level since the beginning of August.

According to experts, this comes after the increasing talk about the scarcity of global stocks, in addition to fears of supply problems with the approach of the winter season

Source: National Iraqi News Agency