Oil prices rose today, Friday, supported by the scarcity of supply amid tension in Libya and Nigeria, and the decline in the pace of inflation in the United States, which markets hope will put an end to raising interest rates in the largest economy in the world.
Brent crude futures rose 27 cents, or 0.3 percent, to $81.63 a barrel by 0028 GMT.
West Texas Intermediate crude futures rose 35 cents, or 0.5 percent, to $77.24, and closing a number of oil fields in Libya on Thursday in the protest of a local tribe over the kidnapping of a former minister. Separately, Shell halted shipments of Nigerian Fourcados crude oil due to a possible leak at one of its terminals.
Source: National Iraqi News Agency