MOSCOW, August 30 – PRIME. World oil prices intensified the fall to 5% on Tuesday evening, Brent is trading below $98 per barrel on Iraq’s statements on the export of “black gold”, according to trading data and expert comments.
As of 19.09 Moscow time, the price of November futures for Brent crude fell by 5.18% to $97.60 per barrel, October futures for WTI fell by 5.68% to $91.50.
“Oil is pulling back from yesterday’s gains on news that Iraq will keep its export ports open despite major political unrest,” Dennis Kissler, senior vice president of trading at BOK Financial, told Bloomberg.
In addition, Alaa Al-Yassiri, CEO of Iraqi state oil exporter SOMO, Alaa Al-Yassiri, told Bloomberg earlier Tuesday that Iraq “has the ability to increase exports across the board and will not back down on any request for more oil. “.
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