Market

Oil prices rise to more than $82

Baghdad Oil prices rose by about two percent, today, Friday, to continue their rise in the new year, due to the increasing unrest in oil-producing Kazakhstan and a member of the OPEC + bloc, in addition to the interruption of supplies from Libya.

Brent crude futures rose $1.19, or 1.5 percent, to settle at $82.62 a barrel, after hitting their highest level since late November.

US West Texas Intermediate crude futures rose $1.6, or 2.1 percent, when settling to $79.46, and the contract touched its highest level in the session at $80.24.

Source: National Iraqi News Agency