Oil prices fall after Iraq's exports increase
11:10 - 31/10/2017
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Oil prices on Tuesday saw a slight decline of 0.2 percent, after being affected by Iraq's increase in oil exports from southern ports to compensate for the disruption of supply of Kirkuk fields.
At 0540 GMT, Brent crude futures were down 14 cents, or 0.2 percent, from the previous $ 60.76 per barrel but still not far from their July lows of earlier this week and up about 37 percent from the 2017 low Registered in June.
US crude fell 11 cents from the previous close to $ 54.04 a barrel. But it remains near its highest level since February, up about 28 percent from the June 2017 low.
"Brent was also affected by Iraq's move to increase oil exports from the ports of the South 220 thousand barrels per day to 3.45 million barrels per day to compensate for the delays in the supply of fields of northern Kirkuk," traders said. Ending / 25 g