Iraq Oil Minister: Expecting oil prices to reach $100/bbl in H1 2022
|Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail said on Wednesday, he is expecting oil prices to reach $100/ barrel in the first half of 2022.
He added that “global oil inventories are at their lowest levels.”
Market reaction
WTI is unimpressed by the above comments, as it keeps its corrective stint intact below the $82 mark.
The US oil was last seen trading at $81.67, down 0.95% on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.