Baghda, Oil prices stabilized today, Tuesday, after declining during the past two sessions, in light of investors’ caution amid expectations of abundant supplies and weak demand.
Brent crude futures for September delivery rose to $82.42 per barrel, while the price of US West Texas Intermediate crude for September also fell by two cents, recording $78.38 per barrel.
Most traders ignored US President Joe Biden’s decision on Sunday to withdraw from the US presidential election race and nominate his vice, Kamla Harris.
Source: National Iraqi News Agency