Iraq sets $90 as Threshold for Oil Price Concern

Global oil prices below $90 a barrel would be “difficult” to accept, Iraq’s Deputy Prime Minister for energy, Hussain al-Shahristani, told Reuters on Wednesday.

Brent crude oil dipped below $100 a barrel on Tuesday on growing concern about a Greek debt default and the health of the global economy, tumbling from a 2011 peak of $127 in April.

(Source: Reuters)

Comments are closed.