Baghdad / Nina/ Oil prices rose in early trading, Friday, after the OPEC+ group decided to keep the oil production policy unchanged, to compensate for some losses from the last session after unconfirmed reports of a ceasefire between the Zionist entity and Hamas.
By dawn on Friday, Brent crude futures rose 50 cents, equivalent to 0.6 percent, to $79.20 per barrel. US West Texas Intermediate crude futures also rose 40 cents, or 0.5 percent, to $74.22 per barrel.
The two benchmarks fell by more than two percent upon settlement yesterday, Thursday, due to unconfirmed reports of a ceasefire between the Zionist entity and Hamas.
A Qatari official said that a ceasefire had not yet been reached, but Hamas had received positively a proposal put forward earlier this week.
Two OPEC+ sources said yesterday, Thursday, that the group kept its oil production policy unchanged, and will decide in March whether or not to extend the voluntary oil production cuts in place in the first quarter./End 9
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