Oil prices recorded stability in trading, on Monday, above the level of $90 per barrel, which it reached last week for the first time in ten months after Saudi Arabia and Russia announced new cuts in their production.

Brent crude rose 19 cents, or 0.21 %, to $90.84 a barrel, while US West Texas Intermediate crude fell two cents, or 0.02 %, to $87.49.

Last month, the International Energy Agency reduced its forecast for oil demand growth in 2024 to one million barrels per day, and attributed its decision to the poor state of the economy./End

Source: National Iraqi News Agency