Iraq Oil Minister: Expecting oil prices to reach $100/bbl in H1 2022

Market news

20 October 2021

Iraq Oil Minister: Expecting oil prices to reach $100/bbl in H1 2022

Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail said on Wednesday, he is expecting oil prices to reach $100/ barrel in the first half of 2022.

He added that “global oil inventories are at their lowest levels.”

Market reaction

WTI is unimpressed by the above comments, as it keeps its corrective stint intact below the $82 mark.

The US oil was last seen trading at $81.67, down 0.95% on a daily basis.

Currencies. Daily history for Wednesday, October 20, 2021

Commodities. Daily history for Tuesday, October 19, 2021

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