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.”
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.