Economy News Baghdad:
Oil prices rebounded in the global market on Thursday after a four-day drop as US inventories increased as a result of the OPEC extension.
At 11:30 am Baghdad, Brent crude was up 0.36%, or 22 cents, to 62.10 dollars a barrel, while West Texas crude was up 55 cents to $ 55.44.
Experts predict that oil prices will continue to rise during the next two days as a result of the extension of the OPEC agreement, which aims to withdraw 32 million barrels per day of oil supply in the global market.
Oil prices recover after extension of OPEC agreement
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