Crude Oil Prices Settle Higher as Iraq Warns Against Lifting Output Curbs

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© Reuters. – WTI crude oil prices settled higher Monday as Iraq’s oil minister warned producers against easing limits on production curbs offsetting reports of an uptick in Russian and Saudi output.

On the New York Mercantile Exchange for July delivery rose 36 cents to settle at $66.10 a barrel, while on London’s Intercontinental Exchange, added 2 cents to trade at $76.48 barrel.

Iraq’s oil minister, Jabar al-Luaibi, warned producers Monday against pumping more oil, claiming oil prices


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