Iraq Expects Oil Prices to Reach $80/bbl Saudi Arabia’s April Crude Exports Slip to 10-Month Low

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

SEATTLE (Oil Monster): Iraq 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. 

Courtesy: www.reuters.com