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Oil prices are falling globally

Baghdad-ALSHARQIYA  June 12 : Oil prices continued to decline on Friday, after the possibility of a second wave of Covid-19 outbreak, and the price of Brent oil, the unit of Iraqi oil measurement, reached thirty-seven and twenty-one cents a barrel, after declining eight percent on Thursday, while West Texas crude recorded four Thirty dollars and ninety-seven cents and producers from the United States as well as from the Organization of Petroleum Exporting Countries OPEC and allies of supplies reduce by nine million seven hundred thousand barrels a day that will end at the end of July, to move down to seven million seven hundred thousand barrels for all countries except Iraq and Nigeria to compensate Their failure to comply with the previous reduction, according to the organization’s decisions at its meeting a few days ago

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