Global oil prices fall after longest gain in 4yrs

Global oil prices fall after longest gain in 4yrs

Global oil prices have fallen after the longest gain in 4 years as Iraq seeks to increase oil output amidst a global oversupply and the militant group Niger Delta Avengers promised to stop targeting the country’s oil infrastructure. Notably, Oil prices had climbed by over 20% since falling below $40 a barrel earlier due to the reduction in the oversupply.