Baghdad, Oil prices fell by about one percent at settlement at the close of trading, Monday, recording the lowest level in a week. Brent crude futures fell 79 cents, or 0.9 %, to reach $85.75 per barrel upon settlement. US West Texas Intermediate crude also fell 83 cents, or one percent, recording $82.33 per barrel. This comes after the closure of oil refineries and American ports due to Hurricane Beryl, which struck the state of Texas, a state that produces oil and natural gas in larger quantities than any other American state. Source: National Iraqi News Agency
Recent Posts
Iran Envoy Criticizes European Stance on US and Israeli Actions
November 7, 2026
Yemeni Armed Forces Launch Six Operations Targeting Saudi Arabia
November 7, 2026
Iran’s Security Chief Mocks Trump for War and Election Losses
November 7, 2026