Thursday, March 4

For the first time since July 31 … Brent crude price exceeds $ 75 a barrel

Baghdad, The value of October contracts for the North Sea oil mix from Brent crude rose 0.41 percent to $ 75.04 a barrel for the first time since July 31, according to trade data.

On Thursday, oil prices rose slightly as traders awaited US sanctions on Iran in November, and they continue to analyze statistics on raw material reserves in the United States.

The head of commodity market studies at Swiss private bank Julius Baer, Norbert Rucker, said in his analytical presentation that the US sanctions against Iran would now be the most unforeseen risks for the market.

According to his assessment, the most likely scenario in the form of opposition from China and possibly other countries will crystallize the US decision to impose a comprehensive ban that would lead to a reduction in the size of the "black gold" market in the world.

Source: National Iraqi News Agency