The stability of oil prices at $ 53 a barrel

The stability of oil prices at $ 53 a barrel

Oil prices settled futures contracts on Monday, with the recovery of production in Libya earlier this week, which negated the impact of Asian economic data sends optimism and indicates strong demand for energy from the region.

It stepped up crude futures for global measurement of Brent four cents to $ 53.57 a barrel by 0925 GMT.

It increased crude futures for West Texas Intermediate US eight cents to $ 50.68 a barrel.

(Source: Iraqi Oil Market)

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