Economist: the high oil price and Russia and OPEC agreement will help Iraq 10/8/2015
Economist: the high oil price and Russia and OPEC agreement will help Iraq
Special - scales News - He stressed the economic expert on behalf of Antoine, Wednesday, that the slight rise in oil prices will help Iraq to overcome the plight of borrowing from the State Bank Fund, among Russia's agreement with the OPEC global organization will help Iraq more.
Said Antoine L / scales News / "The rise slightly in oil prices in the past few days will benefit greatly and will help Iraq to overcome the plight of borrowing from the World Bank fund to meet next year's budget deficit," expected at the same time that "the high price of oil to nearly 50 dollars per barrel."
The economist said that "Russia's efforts to deal with OPEC on reducing the size of precedence in order to raise world oil prices will also positively on Iraq," noting that "the agreement in the event of completion of the oil prices go back up again."
It is said that "oil futures jumped nearly two dollars a barrel, breaking a month-long trading range of supported by factors including purchases for technical reasons, and data from the US government indicate that global supply glut may recede" .