Baghdad Oil prices fell, on Monday, from their highest levels in five weeks, with the market reaping profits following strong gains last week, amid expectations of tight supplies after the OPEC + decision to reduce production and before the European Union imposed an embargo on Russian oil.
Brent crude futures fell 81 cents, or 0.8%, to $97.11 a barrel by 0131 GMT.
While US West Texas Intermediate crude recorded $91.88 a barrel, down 76 cents, 0.8%, according to “Reuters”.
Source: National Iraqi News Agency