Oil prices have in the midst of expectations to increase the offer of Iraq and Russia

Oil prices have stabilized to a series of declines, while the possibility of increasing the flow from Iraq and Russia increases expectations, and at a time when market indicators revealed signs of weakness as a result of the possibility of increasing the offer. Brent oil trades below $ 75 a barrel, while the West Texas are over $ 70. The closer to the ‘West Texas’ crude oil was briefly circulated with a central difference for taking next month’s legal contract, which is the first time since November that the immediate difference in a negative prices is in the “Contango”. This shift comes from a bullish style, in which the immediate price of the future comes, or known as ‘decline’, to two of the main agencies that offer global oil expectations over the past week, it would be a slight glow. Fear of the offer during the weekend, with the indication of the president of the Kurdistan region in Iraq, indicated a possible resumption of oil exports next month, while President Donald Trump’s attempt to end the war in Ukraine caused the possibility of increasing the flow of Russia. Also read: The president of Iraqi Kurdistan expects oil exports to resume in March, Warren Patterson, head of the basic commodity strategy in the group group, said: “Morality in the oil market is still thinking twice the immediate price, while price differences also indicate an immediately poor market.” RAW was hit by a strong blow due to the rapid rates that Trump imposed – which was immediately withdrawn – and threats to set up sanctions on producers, including Iran. Prices rose on Friday, after US Treasury Secretary Scott Besent said the administration aimed to reduce Iranian oil exports to less than 10% of current levels, before withdrawing amid doubts about the feasibility of the plan.