Posts Tagged ‘iraq’

Oil Prices Fall on Rising Iraq Output and Doubt Over Producer Prospects

Monday, August 29th, 2016

Oil prices fell early on Monday (August 29) as output from Iraq rose and as Iran said it would only cooperate in upcoming producer talks to freeze output if fellow exporters recognised its right to fully regain market share.

International Brent crude oil futures LCOc1 were trading at $49.54 per barrel at 00.43 GMT, down 38 cents from their previous close.

U.S. West Texas Intermediate (WTI) crude futures were down 43 cents at $47.21 a barrel.

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