[size=36]Oil prices are at their highest levels in 7 years, and Brent crude exceeds $ 89[/size]
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, trading data on the stock exchanges indicates that the price of a barrel of Brent crude oil exceeded $89 for the first time in the last seven years, i.e. since October 13, 2014.
By 05.08 Baghdad time, the price of futures contracts for the month of May rose March for Brent crude rose 0.60 percent to $89.03 a barrel, and March futures for WTI crude rose 1.80 percent to $86.36.
It is reported that, as of May last year, “OPEC +” reduced production by 9.7 million barrels per day due to the decrease in demand for oil caused by the Corona virus pandemic, and with the stabilization of the situation in the market, the terms of the agreement were modified. Ended 29/N33