Brent crude touches $88 per barrel

Economy
  • 5-12-2022, 09:29
    • +A -A

    Baghdad-INA
    Oil prices jumped 2%, on Monday, after OPEC + countries kept their production targets before the European Union ban and put a ceiling on Russian crude, which takes effect from today.

    Meanwhile, in a positive sign for fuel demand, more Chinese cities eased anti-corona virus restrictions over the weekend.

    Brent crude futures rose $1.84, or 2.2%, to $87.41 a barrel at 01:42 GMT, while West Texas Intermediate crude futures rose $1.64, or 2%, to $81.62 a barrel.

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