Iraq's Oil Minister: OPEC+ to keep output policy unchanged at next meeting
|Iraq Oil Minister HE Ihsan Abdul Jabbar Ismaael said on Wednesday that Iraq's oil exports should average around 2.9 million barrels per day in February, as reported by Reuters.
Ismaael further added that he sees Brent prices ranging between $58 and $63 and noted that he doesn't expect OPEC+ to make any changes to its output strategy at the next meeting.
Market reaction
Crude oil prices showed no immediate reaction to these remarks and the barrel of West Texas Intermediate was last seen trading at $58.65, gaining 0.45% 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.