Oil is approaching its lowest level in 2017 in Iraqi Market

Oil prices rose on Friday from the lowest level this year, with a reduction of some producers to increase their exports and a slowdown in the number of rigs in the United States, but the recovery was limited and record crude fourth weekly decline due to continued concerns about oversupply.

Global rose London Brent crude futures 45 cents to $ 47.37 a barrel in the settlement, while WTI reached US median of $ 44.47 a barrel, an increase of 28 cents. And me a weekly loss of Van Alkiesaan exceeded 1.6 percent.

Crude prices recorded on Thursday, the lowest level in six months, which is low by more than 12 percent from late May levels when extended producers led by the Organization of the Petroleum Exporting Countries (OPEC) is working to cut production 1.8 million barrels a day for nine months until the end of the first quarter of 2018.

Said Kazakhstan, which agreed to reduce last year Amadadtha within pledges of non-OPEC member, it will cut its production in June and July after it exaggerated the production for three consecutive months.

However, Nigeria and Libya Aledutin OPEC Almafatyn production agreement with enhanced their exports recover from the disruption of supplies resulted in protests.

In the latest sign of oversupply of crude tankers used giant crumbling to store unsold oil off the coast of Singapore and Malaysia.

Gold prices today (Saturday, June 17, 2017)
Dollar exchange rate in Iraqi banks and markets (Saturday, June 17, 2017)

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