Baghdad, Oil prices rose at the settlement at the end of trading on Wednesday, after three consecutive days of losses. Brent crude futures contracts rose by $1.35, or 1.61 %, to reach $85.08 per barrel at settlement. US West Texas Intermediate crude futures rose by $2.09, or 2.59 %, to reach $82.85 per barrel upon settlement. Crude oil prices declined last week after four weeks of gains, as hopes for a recovery in summer demand in the United States were met with other concerns about demand in China, and Chinese economic data reinforced those concerns. Source: National Iraqi News Agency
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