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On the second day of Eid al-Fitr oil continues to decline
Economy News Baghdad:
Oil prices suffered losses of 0.71% as the second day of Eid Al-Fitr holiday began , due to a sudden rise in US oil inventories to 478 million barrels.
At 9:30 pm Baghdad, the price of Brent crude was $ 61.53 a barrel, down 44 cents, or 0.71 percent.
Despite the decline, Citigroup expects Brent crude to rise to $ 78 a barrel in three months, despite a trade war and pessimism over global economic growth.
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