Oil exceeds $88 a barrel

Baghdad-INA

Oil prices consolidated their gains this week, exceeding the $88 barrier, this Friday evening, up by more than 1% in 24 hours.

At 16:30 Baghdad time, Brent crude futures contracts reached 88.62 dollars, after closing yesterday at 87.47 dollars a barrel.

US crude futures rose, recording $82.14 a barrel, while they had closed yesterday at $81.01.