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Iraq expects oil prices to reach $80/bbl - state news agency

Iraq expects oil prices to reach $80/bbl - state news agency
Iraq expects oil prices to reach $80/bbl - state news agency   -   Copyright  Thomson Reuters 2021
By Reuters

DUBAI – Iraqi expects oil prices to reach $80 per barrel, the country’s state news agency reported on Sunday, citing an oil ministry spokesman.

The spokesperson, Asim Jihad, did not give a timeframe for the increase he predicted.

Crude prices have been on the rise over the past weeks, settling over $70/barrel on Friday, amid expectations of limited growth in U.S. oil output this year.

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